How Subsidies in the Inflation Reduction Act Undermine Transmission Reform
Travis Fisher A previous post showed that the total cost of the Inflation Reduction Act’s (IRA’s) energy subsidies could reach $3 trillion. Subsidies so large cause a lot of problems—one being that advocates of a robust electricity infrastructure, like me, are now skeptical
August Price Inflation Accelerated, and the Fed Fears More Is in Store
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data last week, and according to the report, price inflation during August accelerated, coming in at the highest year-over-year increase in three months. According to the BLS, Consumer Price Index
Friday Feature: Bridges to Science
Colleen Hroncich When the kids in Rosa Aristy’s homeschool co‐op said they wanted to learn coding, the moms all looked at each other and wondered who was going to teach those classes. “The kids were so enthusiastic and wanted to learn
Striking Autoworkers Will Only Harm Their Own Livelihoods
Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected. Original Article: Striking Autoworkers Will Only Harm Their Own Livelihoods
The Central Bank Policy Interest Rate vs the Natural Rate
According to many commentators, the Fed’s monetary policy, which aims at price stability, is the key factor in attaining stable economic growth. They claim that what prevents the attainment of price stability are fluctuations in the federal funds rate relative
In 1932-33 Leading Intellectuals Used ‘Dictatorial’ as a Positive Recommendation
David Boaz It’s hard not to despair at the state of public policy discussion these days. Every day’s newspaper contains another bad idea from politicians, pundits, and wonks from across the political spectrum, from rent control to corporate subsidies to trillion‐dollar
In 1932-33 Leading Intellectuals Used ‘Dictatorial’ as a Positive Recommendation
David Boaz It’s hard not to despair at the state of public policy discussion these days. Every day’s newspaper contains another bad idea from politicians, pundits, and wonks from across the political spectrum, from rent control to corporate subsidies to trillion‐dollar
Trade in Barbieland!
Gabriella Beaumont-Smith Today, I published a piece in Real Clear Policy highlighting Mattel’s Barbie supply chain and why manufacturing products in multiple countries is positive. Here’s a summary: The toymaker behind Barbie’s iconic brand, Mattel, is one of the largest in the world and it
“Debanking”: The Latest Assault on Freedom of Speech
In their war against free speech, progressive governments are now denying dissidents use of the banking system. Original Article: ""Debanking": The Latest Assault on Freedom of Speech"
The Oil-Price Shock Is a Direct Consequence of Interventionism.
Oil prices are soaring, and, as always, we read in many articles that OPEC and Russia are to blame. However, if OPEC and its allies were almighty and the drivers of oil prices, why have Brent and West Texas Intermediate (WTI) crude plummeted in 2022? OPEC