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Showing 5 Publications by Levi Russell
Popular Media Despite Biden’s attempts to “end fossil fuel” some basic economic analysis indicates his efforts are not in line with what the public wants. If you . . .
Despite Biden’s attempts to “end fossil fuel” some basic economic analysis indicates his efforts are not in line with what the public wants. If you think back to your Econ 101 class, you’ll probably remember something called revealed preference.
This basic insight of economics says that people’s actions in a market place are a much better indicator of what is going on in their heads than asking them in a poll. Someone might tell you they like Biden’s attempts to kill off reliable, inexpensive energy, but when the rubber meets the road, their purchasing decisions say otherwise.
Read the full piece here.
Popular Media My appreciation for our freedom of movement was re-ignited recently when I finished up an engine swap into my rare-but-not-collectable 1995 Ford Thunderbird. It had . . .
My appreciation for our freedom of movement was re-ignited recently when I finished up an engine swap into my rare-but-not-collectable 1995 Ford Thunderbird. It had blown a head gasket and had far more than 200,000 miles on it, so in went a junkyard-fresh 4.6L V8 with only 40,000 miles on the clock, or so said the yard I bought it from.
Popular Media The International Energy Agency (IEA) is either woefully economically ignorant or intent on misleading world governments with respect to the so-called net zero energy transition. . . .
The International Energy Agency (IEA) is either woefully economically ignorant or intent on misleading world governments with respect to the so-called net zero energy transition. This much is clear to me, as an economist, after reading the recent report from the RealClearFoundation and the Energy Policy Research Foundation (EPRF) on the IEA’s net zero scenario.
Popular Media Teaching the economics of innovation to college students isn’t a tough job. They understand intuitively that pro-competitive policy maximizes their ability to choose the best . . .
Teaching the economics of innovation to college students isn’t a tough job. They understand intuitively that pro-competitive policy maximizes their ability to choose the best product for them. More options for consumers leads to opportunities to optimize their choices. If the cost of one option is too high, for whatever reason, consumers can choose something else.
TOTM Commenting on Microsoft’s antitrust suit 18 years ago, Milton Friedman said the following: Your industry, the computer industry, moves so much more rapidly than the legal . . .
Commenting on Microsoft’s antitrust suit 18 years ago, Milton Friedman said the following:
Your industry, the computer industry, moves so much more rapidly than the legal process, that by the time this suit is over, who knows what the shape of the industry will be.
Though the legal process seems to be moving quickly in the cases of Dow/Dupont, ChemChina/Syngenta, and Bayer/Monsanto, seed technology is moving fast as well. With recent breakthroughs in gene editing, seed technology will be more dynamic, cheaper, and likely subject to far less regulation than the current transgenic technology.
