Selling assets to meet liabilities; that is what people do when they have reached the end of their finances and are not credit worthy for a loan or do not want to further extend their financial liabilities. What a novel idea for the U.S. government that has a running budget deficit of $1.36 trillion andContinue reading “Selling Assets to Meet Liabilities”
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Master Teacher Dan Benjamin Retires from Clemson
Professor Dan Benjamin is retiring from Clemson University. As a long-time advocate of free markets, Dan likely underestimates the significance of this loss to the school and, in particular, the John E. Walker Department of Economics. He likely expects the department to find a substitute in the marketplace, perhaps one with lower opportunity costs andContinue reading “Master Teacher Dan Benjamin Retires from Clemson”
More on hydraulic fracturing
From Ron Bailey: Just as for conventional wells, it is possible that natural gas can escape into aquifers if the wells are not properly sealed using steel and cement casings. A new study in the Proceedings of the National Academy of Sciences published today finds elevated levels of natural gas in groundwater wells within 3,000 feet of active gasContinue reading “More on hydraulic fracturing”
Watch Terry Anderson on Stossel
PERC’s Terry Anderson made an appearance on Stossel Friday night to discuss the causes of American Indian poverty. The video is here: For more from Terry on property rights and Indian reservations, see the following related links: Un-American Reservations, essay with Dominic Parker Sovereignty, Credible Commitments, and Economic Prosperity on American Indian Reservations (2008), JLE article with DominicContinue reading “Watch Terry Anderson on Stossel”
Rural areas most vulnerable to climate change
By Matthew Kahn In Climatopolis, I argue that urban growth will help us to adapt to climate change. Cities make us richer (due to trade, learning and specialization) and income will help people to adapt to the challenge of climate change. Productivity in cities takes place indoors and is more immune to climate conditions thanContinue reading “Rural areas most vulnerable to climate change”
TONIGHT: Terry Anderson on Stossel at 10PM ET
PERC’s Terry Anderson will be on Stossel on the Fox Business Channel tonight to discuss property rights on Indian reservations. The program airs tonight at 10 PM ET and re-airs Saturday at 9 PM and midnight ET and Sunday at 9 PM ET. Be sure to tune in. See Terry’s earlier appearance on Stossel here.
Food For Fuel
The Secretary of Agriculture, Tom Vilsack, is taking a stand for ethanol. He claims that the government support of ethanol has created jobs that will be lost when the government relinquishes its $0.45 per gallon subsidy due to expire at the end of this year. In fact, he promotes government assistance in building a larger market forContinue reading “Food For Fuel”
Shale Gas Shock
The Global Warming Policy Foundation just released a detailed report about the shale gas revolution and its implications for international climate policy. The report, The Shale Gas Shock, written by Matt Ridley and with a foreword by Professor Freeman Dyson, finds the following on shale gas: it is not only abundant but relatively cheap and therefore promisesContinue reading “Shale Gas Shock”
Does the government perpetuate American Indian poverty?
Fox Business News correspondent John Stossel ignited a fire under many viewers when he accused American Indians of being government freeloaders. He returned to that issue in early May with a debate between PERC’s Terry Anderson and Indian activist Elizabeth Homer. Anderson is a noted expert on Indian economies. He points an accusing finger at the governmentContinue reading “Does the government perpetuate American Indian poverty?”
Where’s the Peak for Oil Reserves?
Global crude oil reserves are on the rise, even though consumption is increasing. How can this be true for a finite resource? Proved oil reserves are the estimated volume of oil that exists in underground pools and can be extracted under current economic and technological conditions. It then makes sense that proved reserves would increaseContinue reading “Where’s the Peak for Oil Reserves?”