Readers know I’ve long called for an increase in the federal gas tax. I’m not trying to piss anybody off–believe me, I was initially pleased earlier this week when I filled my tank up for under $20! Then, I thought about how fossil fuels are truly under-priced. I mean this in two senses. First, we… Read more
One can decompose the growth in real (inflation-adjusted) weekly earnings into the parts due to: a) hourly wage growth b) weekly hours worked c) inflation So, the growth in real weekly earnings = a + b – c, or nominal hourly wage growth plus hours growth minus the rate of inflation. Now that we have… Read more
…there are lots of ways in which such cheap energy is less than a blessing for the economy, not to mention the environment. Over at WaPo.
I understand that there are many reasons why it’s hard to get anywhere close to the amount of intervening we should be doing to push back on carbon emissions. We heavily discount future risks, deep pocketed interests fill their deep pockets with profits maintained by the status quo, they buy politicians who help them wit… Read more
Went to the movies this weekend and enjoyed the new film The Martian, starring Matty D. Besides being really entertaining, I thought it embodied some mission critical messages for our dysfunction era. OTOH, feel free to tell me I’m overthinking it…over at WaPo.