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Tuesday, June 7, 2011
Green Energy is not Growth Energy
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Last week Germany announced that it would phase out its nuclear power plants over the next decade or so, and instead substitute green energy...
Monday, June 6, 2011
The Miles-per-Gallon Fallacy
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Here's a gentle brain-twister: Person A upgrades their car from one that gets 11 MPG to one that gets 13 MPG. Person B upgrades ...
Does federal regulation impose costs of $1.75 trillion per year?
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Last week, Cass Sunstein--a Chicago law professor and economist released a plan for regulatory reform . Commentary on the proposals sometim...
Thursday, June 2, 2011
Social Security turns an uncomfortable corner
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Discussions of Social Security often focus on the a year like 2038, when the mid-range forecast of the Social Security actuaries says that t...
Wednesday, June 1, 2011
David Hume and the $20 bill on the sidewalk
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David Hume (1748) wrote in An Enquiry Concerning Human Understanding : "A man who at noon leaves his purse full of gold on the pa...
When Should Short-Term Fiscal Stimulus Go Into Reverse?
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If policy-makers use fiscal policy--that is, some mixture of government spending and tax cuts--to stimulate an economy in recession, at what...
Tuesday, May 31, 2011
Germany's Nukes and The Limits of "Green" Energy
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Germany has announced plans to phase out all its nuclear reactors by 2022 . It's worth taking this pledge with spoonfuls of salt. Swede...
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