Lynne Kiesling Are you a fan of Leonard Read’s I, Pencil (see video above)? Hayek’s argument the “The Use of Knowledge in Society” about how prices coordinate the decisions of anonymous individuals with diffuse private knowledge? Adam Smith’s tale of the making of a woollen coat? Pietra Nivoli’s book on the global travels of a … More Planet Money’s t-shirt project
Michael Giberson What do we owe the status quo? Uwe Reinhardt, Economix, asks “How convincing is the case for free trade?” In his column, Reinhardt takes note of a few discussions of free trade without taking a stand himself. But he ends with a provocative quote from Alan Blinder: “If we economists stubbornly insist on chanting ‘free trade … More If truth is what your freshmen students let you get away with, then…
Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability. Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, … More U.S. companies getting into the LNG export business
Michael Giberson Via David Henderson at EconLog, about buying locally.
Michael Giberson I put together an overview of the Tres Amigas LLC proposal for Alt Energy Stocks, published today: “Tres Amigas Proposes Three-way Transmission Link.” (Tres Amigas proposes to build a three-way transmission link between the Eastern Interconnection, the Western Interconnection, and the Texas Interconnection.) The only company mentioned in the summary with a stock … More Tres Amigas transmission link overview at Alt Energy Stocks
Michael Giberson “Buy American sounds great—until you think about it,” said Marc Gunther in “Buy American: Bad for America.” (Gunther begins by writing: “Congress should have known better,” but I think the truth is that Congress did know better. It just didn’t matter.)
Michael Giberson A high-profile, high-technology power project is making waves well beyond the small town of Clovis, New Mexico, where it has secured land for development. I’ve been telling my students and anyone else I can induce to listen to me for a few minutes (i.e., mostly just my students) that my new hometown of … More Tres Amigas project proposes to connect Eastern, Western, and Texas power grids