Coal-fired generating capacity is decreasingly cheap: The cost for Alliant Energy’s controversial proposed new coal power plant has soared to a range of $1.1 billion to $1.2 billion, the company stated in a regulatory filing. Alliant previously said the new plant proposed to be the third unit of the Nelson Dewey Generating Station in Cassville […]
There are things that economists “know” that (let us be nice; economists, sometimes understandably, have delicate sensibilities) are not demonstrably true, and other things that economists Of A Certain Age may be motivated to believe, even if they are demonstrably untrue.
Since I’m trying to cut a 24-page paper down closer to 15 today, I’ll leave the Heavy Lifting to other. But two things probably should be discussed (or at least noted) here: Brad DeLong appears (to me) to confuse perceiving a move from Democratic Republic to Empire—and therefore away from any Competitive Advantage for the […]
Tom’s doing some heavy lifting, PGL is in form, Bruce has started SocSec 101, and the entire economics blogsphere is having so many conniptions over Hillary that you’d think the CEA was actually the Shadow Government. So I just want start easy, and take a look at three easy-to-compare data points:First, the Federal Funds target […]
Thanks to Rdan for the welcome. I’m with Barry Ritholtz in admiring the NYT’s interactive consumer price inflation mosaic, which the print edition didn’t do justice to. As someone who occasionally gets a bee in the bonnet over the successes and failures of economic measurement methods, the graphic also helps illustrate a couple ways in […]
The NY Times had a very good article on inflationary pressure from Asia this morning. The article was titled Asian Inflation Begins to Sting US Shoppers. It did a very good job of giving information about how inflationary pressures were driving prices higher in Asia and correctlypointed out that it was showing up in US […]
Those who do not study history are doomed to repeat it. Just to put things in perspective, the inflation rate was 4.4%, the same as it is right now, when Nixon imposed price controls in 1971. P.S. He knew the inflation rate was slowing. But he imposed price controls as part of his package to […]
Sebastian Mallaby writes about how the U.S. Federal Reserve is pursuing easy monetary policy to stimulate our aggregate demand while the European Central Bank is pursuing a tighter monetary policy on the concern that Europe might slip into an inflationary spiral from excessive aggregate demand: The divergence in approaches on either side of the Atlantic […]