I stumbled across an interesting proposal by aptly-named resource-management specialist Matt Frost to stave off global warming; the basic approach is to cut carbon dioxide (CO2) emissions by – wait for it – buying coal. The basic logic of the Continue reading Stop CO2, Buy Coal?
Today’s “big headline” is the cost of Presidential contender Bernie Sanders’ policy proposals, estimated by the Wall Street Journal at about $18 trillion over 10 years – enough to increase Federal spending from 20% of GDP to 30% within one Continue reading The Burden of Spending
I recently encountered an ever-so-slightly dated proposal by Robert Shiller to introduce equity into public finance. The sales pitch begins: Corporations raise money by issuing both debt and equity, the latter giving investors an implicit share in future profits. Governments Continue reading The Devil’s Trill
Thursday heralded the long-awaited, but unsurprising vote by the Federal Communications Commission to reclassify Internet Service Providers (ISPs) as “Title II Common Carriers,” a long-sought objective for proponents of so-called Net Neutrality. The basic issue is that Net Neutrality activists Continue reading Beware the Neutral Net
With just-in-time manufacturing and distribution now part of the normal consumer experience, people have been waiting later and later to get started on holiday shopping. (I was no exception.) Predictably, the mass of shoppers made normally-busy outlets like Costco total Continue reading Scarcity and Social Norms
“I don’t have a law degree and didn’t read the case, but this decision destroys womens’ reproductive rights.” – Just about everyone commenting on Burwell v. Hobby Lobby Forget baseball – America’s national pastime is expressing hyperbolic and uninformed opinions Continue reading Some Notes On Hobby Lobby
Labeling for “unnatural” food products ranging from chemical additives to genetically-modified organisms (GMOs) is perennially popular Left, Right, and Center. The main selling point of this style of regulation is that the products in question aren’t being banned; the government Continue reading Warning Labels and False Signaling
In the wake of McCutcheon v. FEC, campaign finance law is in the news once again. Predictably, the country is still awash in hyperbole about how the Roberts Court is selling America to the highest bidder. Of course, such charged Continue reading Money and Speech
A frequently-recurring argument asserting the insufficiency of Food Stamps (formally, “Supplemental Nutrition Assistance Program”, or “SNAP”) is that the average person on SNAP receives about $130 per month under the program, with a maximum of $200 per person, depending on Continue reading Can You Live On $4/Day?
With Bitcoin breaking $1,000 recently, it’s an opportune time to discuss the use and abuse of the word “investment”. Most people think of investments as something bought for profit, and that’s a decent definition. The trouble is that people often Continue reading Verbal Abuse – “Investment”