Anyone who can work in two in-context Monty Python references deserves to be read. By the way, while Wall Street may be responsible for bad things, it is Wall Street who financed putting a million miles of fiber optic cables crisscrossing continents and under oceans. It is Wall Street that financed the thousands of cell […]
Though, really you should go read the paragraph that follows. Today, infected by Malthusian ecology, the Left relentlessly preaches millennial doom and technological risk: the climate is heading for catastrophe; resources are running out; population is growing too fast; farming cannot keep up; habitat is being destroyed; poverty, hunger, pollution, disease and greed are only
China’s high speed rail was supposed to be a model for the US to follow. I hope this gives pause to the billions of dollars that the federal government wants to pour down this black hole. Liu’s legacy, in short, is a system that could drain China’s economic resources for years. So much for the
Slate provides a levelheaded assessment about nuclear reactor risk and safety lessons from the crisis in Japan. I hope, once the situation is resolved, we can still look at nuclear power objectively in the USA. To head off the next nuclear accident, we need to rethink the parameters of plant design. Why do we build
Here’s a sign of hope that thinking rationally may end up helping us solve a number of problems. Last night saw a TV programme in the UK called What the Green Movement Got Wrong, in which various greens admitted that they had done terrible harm by opposing nuclear power and GM food and indoor DDT.
Refereeing a soccer game is not much different than regulating the financial industry. There are a lot of parallels in how you would want to set up both systems to be fair and efficient. The first is that the regulator — in this case, the referee — is fallible. So the rules should make the
Economic View – Leveling the Playing Field, in Soccer and Finance – NYTimes.com Read More »
This is a good piece that uses the BP Oil Spill and the Net Neutrality debate to illustrate what "Regulatory Capture" means. It's a term I've heard before but this served to clarify it quite a bit. The [so-called] liberals’ fury at the President is almost as astounding as their outrage over the discovery that
Enery related CO2 emissions are trending downward, hopefully this trend can continue. Surprisingly, all this happened without a big government mandate. Now, if only we would start using more nuclear power. The Department of Energy has run the numbers on US carbon emissions in 2009, and found they dropped by about seven percent compared to
This is a pretty balanced look at how Maine’s attempts to reform health care have proved difficult and have had unintended side effects. Its a big gamble to try this on a national level hoping for a different outcome. Maine is the Charlie Brown of health care. The state’s legislators have tried for decades to
Maine Finds a Health Care Fix Elusive – NYTimes.com Read More »
Do we really need to explain why this is a bad idea? Todd Zywicki Says a Mortgage Modification Law Could Create a Bankruptcy Crisis – WSJ.co Mortgage modification would indeed provide a windfall for some troubled homeowners — but its costs will be borne by aspiring future homeowners, and by any American who uses credit
Why judges should not rewrite mortgage contracts Read More »