Michael Giberson Bastiat, were he alive today, would be econoblogging. Much econoblogging deploys the rhetorical form of gossip: observation and comment. Only instead of the target being someone’s ex-spouse’s new partner, or a celebrity headed to jail, it is GDP or government subsidies or tax policy. We’re a fun bunch don’t you know. Grant McCracken …
Lynne Kiesling For the past seven years or so, the phrase “resource adequacy” has received increasing attention in electricity policy. The basic idea is this: before the Energy Policy Act of 1992, vertically-integrated utilities met their future regulatory “obligation to serve” mandate through integrated resource planning (IRP). Customers paid fixed, average, regulated retail rates, and …
Lynne Kiesling Because that’s what it looks like to me. And to Jim Lucier of Prudential Securities, who took the words right out of my mouth on Tuesday’s Kudlow & Company. In all of the commentary and analysis that I have read, very few people believe that this bill will do anything constructive to remove …
Rent Seeking: Is The Energy Bill Really A Farm Bill? Read More »
Lynne Kiesling The KP Spouse just very kindly dropped me at the airport to go to Bryn Mawr, Pennsylvania, to teach at the Foundations of Liberty workshop sponsored by the Institute for Humane Studies. I love doing this. More news as it happens. In thinking about the upcoming week I am reminded of this excellent …
Lynne Kiesling Jeff Jarvis is writing a series called Issues 2004, and his post on energy policy from Monday tackles a lot of important questions and offers some recommendations. In addition, the comments on his post include a lot of good insights and thoughts. Here are my thoughts. Jeff starts with his memories of the …
Michael Giberson In an article so absurd that you really ought to read it for yourself, see the story from USA Today: “Economic Growth from Hurricanes Could Outweigh Costs.” It is so incredible that I am almost left speechless. Of course, no one expects a USA Today reporter writing about the weather to have training …
This OpinionJournal editorial lays it out. I especially like: Of course, the idea of opening our market to imports has plenty of enemies–such as steel, textile and agriculture industries. And there is lots of political hay to be made by representing these interests. But the economics are clear: Imports offer American consumers more choice, higher …
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