The Mandate Misunderstanding

Probably no effort at political triangulation (what used to be called compromise) has failed the Obama Administration so badly as the individual health insurance mandate. There are ways, though, to get the steak without the political sizzle, provided Republicans choose to cooperate.

The reason for imposing an …

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Spectrum Wars

Verizon, America’s largest wireless network, pulled a rabbit out of its corporate hat last month, announcing a multi-billion dollar deal to buy spectrum from cable-TV giants Comcast and Time Warner and the smaller, Syracuse, NY-based Bright House Networks. Sound familiar? AT&T, number two in wireless, made a similarly surprising move …

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Killing the Keystone XL Pipeline: What Next? Tilting at Windmills?

After a decade in which the coal and oil lobbies have frustrated their efforts to put in place a cost-effective policy to slow climate change, environmental groups scored a win last week on a related, high visibility issue. Trouble is, their objective, halting the expansion …

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Viva Shameless Elitism

Economists aren’t taken very seriously these days for a variety of reasons — not least of which is the dumbing down of the profession, a process that has paralleled the general democratization of expertise in the era of 24/7 cable news. If you still want to know what the very …

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Joseph Aldy

Check out the new paper by Joseph Aldy and Robert Stavins surveying market-based approaches to climate policy.





Can’t Lick ‘Em? Join ‘Em

The trend toward wireless voice calling at prices more akin to data plan pricing continued this week with the unveiling of AT&T’s Call International App. The free app (which works on most of AT&T’s smartphones) dramatically cuts the cost of voice rates when the phone is connected to …

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Million Dollar Taxis: Another Wall Street Ripoff?

So, is driving a taxi in New York City a good way to make a living?

Don’t be stupid. In return for putting up with the hassles of New York traffic and the risks of being robbed — not to mention the occasional drunk who leaves his partially digested …

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Free, Free, Free Cellphone Calls! (Well, Not Quite Free…)

Heard about Viber yet? It’s an app for the iPhone and for Android smartphones, the neatest means yet for making virtually free phone calls and sending free text messages to anyone, anywhere, anytime. Oh, and did we mention that the voice quality is typically superior …

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Texas Weather Report

If you haven’t heard John Nielsen-Gammon, Texas’ official climatologist (and therefore adviser to Rick Perry on the subject of climate change), check out his views. They’re startling only in the sense that they follow directly from the mainstream science — a suspect position these days in …

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Bank Regulators Playing Whac-a-Mole

It’s “I-told-you-so” time for the bank lobbyists. They predicted that the price controls on the “interchange” debit card fees charged to merchants would automatically lead to higher fees somewhere else – in this case, as fixed monthly fees on debit card holders.

This Whac-a-Mole model of pricing may not explain everything …

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