Too many choices
In the NY Times, Paul Krugman makes the case that too much choice (particularly about retirement investment) can be bad
Ani Guerdjikova and I demonstrate this with lots of algebra
Articles from John Quiggin
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Introduction:Economic Consequences of the Pandemic
Here’s the draft introduction for The Economic Consequences of the Pandemic. Comments, criticism and congratulations all appreciated.
No point complaining about it, Australia will face carbon levies unless it changes course
That’s the headline for a recent article I wrote for The Conversation. I meant to post it earlier, but didn’t get to it. Now that Trump is gone, there’s near-unanimous international support for border adjustments.
Sandpit
A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.
To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such.
Monday Message Board
Back again with another Monday Message Board.
Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link
Gas-fired recovery
My submission on the Morrison government’s misconceived energy strategy
Sandpit
A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.
To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such.
Monday Message Board (on Tuesday)
Back again with another Monday Message Board.
Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link
Why the Texas electricity market failed
By special request from regular commenter James Wimberley, some thoughts on the failure of the Texas electricity market to deal with unexpected cold weather.
Texas Interconnection kept separate from the rest of the US grid to ensure that ERCOT remains under Texas not Federal control. Hence can’t draw on interstate supplies.
Economic lessons of the 20-year armistice
Another extract from my book-in-progress, Economic Consequences of the Pandemic
The 20-year armistice from 1919 to 1939 was a period of economic stagnation in Europe, punctuated by crises which had disastrous economic and political effects. And while the US boomed in the 1920s, the Great Depression that began in 1929 caused massive unemployment and suffering which lasted through the 1930s. What lessons can we learn for the present?