Japan Ignores the Laws of Economics

Posted by Joseph Y. Calhoun, III

What’s wrong with this story?
Sept. 29 (Bloomberg) — Japan, the world’s largest pork importer, will purchase about 70,000 swine carcasses from local herds to boost prices after an economic slump cut consumption and sent stockpiles to a 20-year high.
The government will allocate 292.9 million yen ($3.3 million) for a support program including assisting farmer groups [...]

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Greg Mankiw Dreams of Speechwriting

Posted by Joseph Y. Calhoun, III

Greg Mankiw offers this as President Obama’s next speech:
“There has been a lot of talk lately about taxing Cadillac health plans. Well, I have thought about this idea, and I have talked with my economic advisers, and we have decided that it indeed makes a lot of sense.
“Now some of you may wonder whether endorsing [...]

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America’s Abundant Energy

Posted by Joseph Y. Calhoun, III

Yes, you read that title right. America has plenty of energy available that would allow us to drastically reduce the amount of oil that we import. The economic and geo political consequences of better exploiting our own natural resources are huge. For cheap fuel, natural gas offers the greatest potential (via NPR):
In recent years, natural [...]

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It’s a Good Thing Steven Chu Knows What’s Good For Us

Posted by Joseph Y. Calhoun, III

The Energy Secretary had this to say about Americans and energy usage (via WSJ):
When it comes to greenhouse-gas emissions, Energy Secretary Steven Chu sees Americans as unruly teenagers and the Administration as the parent that will have to teach them a few lessons.
Speaking on the sidelines of a smart grid conference in Washington, Dr. Chu [...]

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