Frequently, when I’m driving to work, I see what I think is one of the clearest examples of an economic externality: big gravel trucks with lousy covers and a shower of greater or lesser extent of little bits of gravel flying off, threatening the windshields of all who would come near. On the mud flaps, …
Via Michael Campana, a remarkable graph:
It’s not just us: Japan, the world’s third-largest oil user, said gasoline sales in the country fell the most in more than half a century as record prices prompted motorists to drive less. Sales fell 4.2 percent in 2008 to 57.3 million kiloliters (15.1 billion gallons), the biggest drop since the trade ministry started collecting …
New data dump today from the St. Louis Fed includes this striking graph of unemployment in New Mexico (in blue, red is national numbers for comparison): We escaped the carnage for a while, anyway.
Michael Tobis models the lawnmower problem: If you have a typical American house, you have a typical lawn in front of it, a lawn that is in need of occasional trimming. Unless you contract out for lawn services, you almost certainly own a lawnmower too. Most likely it has a cheesy, loud, polluting little engine. You only …
Ryan Avent: I have become increasingly pessimistic about our ability to address the climate change crisis. The dynamics are simply deadly — the most dangerous effects begin arriving after it’s too late to do anything about them — which leaves as our great hope the chance that a strong enough intellectual argument can be made …
Continue reading ‘On the Possibility of Climate Change Action’ »
Discussing federal stimulus spending yesterday, a colleague and I were pondering how the New Mexico economy might go about absorbing the money the feds want to pump into it. One key question is the availability of a work force with the skills to build stuff. Some numbers, courtesy St. Louis Fed. The drop from the …
Nothin’ like a good economic collapse to rein in greenhouse gas emissions. From Bloomberg: Oil demand will fall for a second year, the first back-to-back contractions since 1983, as a deepening recession erodes consumer spending, the International Energy Agency said.
Tim Haab on the question of which is better, a fuel consumption-based or mileage-based motoring tax: The answer comes down to one simple question: What is the goal? If the goal is revenue generation then a mileage tax makes sense. If the goal is fuel efficiency then a gas tax makes sense. If the goal …
I see John Whitehead hunched over his keyboard preparing his riposte to this, from the Romer-Bernstein analysis of the job creation prospects in the Obama stimulus package: Recent research by Robert Pollin and Jeannette Wicks-Lim (available at http://www.peri.umass.edu/green_jobs) suggests that investments in green energy will create jobs that generally pay well above the typical wage. …