Yes, you’re still agonizing about the proper role of credit default swaps (so are we). But financial derivatives, we’d like to remind you, are everywhere – and most of them are both economically benign and very useful. Consider KLM Royal Dutch Airline’s new twist on a very old …
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By Robert Hahn, Peter Passell | Tags: airline fares, financial derivatives, KLM | Category: Financial Regulation Reform, Quick Takes |
 Leave a commentThanks to Ezra Klein of the Washington Post for the timely resurrection of this admirably clear, jargon-minimal primer on financial derivative regulation [Download Here], written last year by Congressional Research Service analyst Rena Miller. In particular, Miller outlines the costs (as … |
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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