Archive for May, 2009

On the Ethics of Climate Policy

I’ve been participating in a debate on Waxman-Markey at the Atlantic, and I promised readers there I wouldn’t burden them with any more back and forth after my last entry. But Jim Manzi has responded once more and I feel the need to answer some of his criticisms. They are boggling. Let’s follow the conversation […]


No posts for a few days. You all enjoy your weekend.

Regulatory Surplus

Here’s Matt: It occurs to me that you can think of the policy debate around auctioning carbon permits as an example of a very general phenomenon. Whenever you enact regulations aimed at restricting an activity, but not aimed at outright banning the activity, you create a kind of “regulatory surplus.” A question then arises of […]

From Renaissance to Remort?

I know Megan isn’t just trying to goad me, but it kind of feels like Megan is trying to goad me: There’s a lot of angst out there over whether products like Starbucks that seem somehow emblematic of an era of wasteful spending will outlast the current downturn.  The other day it occurred to me […]


I keep trying and failing to blog here today. Seems the best I’ll be able to do for you is a links post. Links! Paul Romer’s Many Hong Kongs: Something I find interesting — economic growth relies on a sound institutional environment, which often requires governments to make difficult institutional changes. It’s extremely hard to […]

Back Up

Sorry for going dark, there. Sometimes the tubes, they break.

What Next?

Atrios writes: The problem with low housing starts is that residential investment tends to be one of the first things to pick up during a recession. For obvious reasons that’s not happening. But if not residential investment, then what? As Yglesias says, you wouldn’t really expect residential investment to lead us out of recession this […]