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Blog Post
December 16, 2008
This is a joint posting with Robin Kraft
When I lived in Zimbabwe a mere 18 years ago, one U.S. dollar was worth about 2.5 Zimbabwe dollars. A few years later I returned and was shocked that the value of the local currency had fallen by more than 50% to Z$6: US$1. (How quaint!) Since the central ...
Blog Post
December 09, 2008
This is a joint posting with Kevin Ummel
Q: What can we do to save the earth?
Wendell Berry: "Stay put."
Economists are always irritating their colleagues by harping about opportunity cost, but the concept can be useful nonetheless. For example, consider the “carbon account” announced for the Po...
Blog Post
November 25, 2008
This is a joint posting with Joel Meister
Recent announcements of climate-related transition teams and agency director appointments have provided a wealth of information about the prospects for action on climate change by the Obama White House. Bolstered by changes in the leadership of a crucial Ho...