Federal law tries to have it both ways, allowing the cable companies to own cable channels, but barring them from discriminating against rival channels. Trouble is, this puts the FCC in the position of calling balls and strikes on what constitutes discrimination. And the commission’s decision last year to reverse an arbitrator’s well-reasoned judgment in order to side with Time Warner, has gotta make you wonder whether it is, in fact, possible to have it both ways. Check out this amicus brief in the case, written by one of us (Hahn) along with Robert Litan.
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Good Enough for Government Work? |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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