Nobody knows what to do with Freddie Mac and Fannie Mae, the “government-sponsored enterprises” that have been left holding the bag for a decade of excess in housing finance. Wayne Olson, a consultant at NERA who was director of finance for the Maine Public Utilities Commission, has [READ MORE...]
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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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