Like all card-carrying economists, we’re of two hands (minds) about Sen. Bob Corker’s insistence that the new consumer financial protection agency be stripped of authority to regulate “payday” loans – very short-term, very high-cost loans collateralized by borrowers’ future paychecks. On the one hand, the industry seems to be …
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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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