The seventies were pretty crazy. If the sixties brought us the sexual revolution, challenged convention, and gave rise to the counterculture, then the seventies took it out for a spin and stepped on the gas.
Despite what you’ve heard about the “Disco Era,” it was a great decade for music. Funk, soul, glam, progressive, fusion, rock and the dreaded term “soft rock” all left their mark. Soft rock was nothing more than songwriter-driven pop music by acts like Paul Simon, Jim Croce, Carole King, Joni Mitchell, Cat Stevens, James Taylor and others. Seventies funk has become legendary. The music wasn’t all good though. We also had to wade through stuff like Paul Anka’s “(You’re) Having my Baby.”
In the seventies, hedonism was in; cocaine was in; people were going to clubs, and everyone was on the make. In post-sixties, pre-HIV America, you could step outside your front door and hear…
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Following is the second in a series of posts on my forthcoming book, How to Regulate: A Guide for Policy Makers(Cambridge Univ. Press 2017). The initial post is here.
As I mentioned in my first post, How to Regulate examines the market failures (and other private ordering defects) that have traditionally been invoked as grounds for government regulation. For each such defect, the book details the adverse “symptoms” produced, the underlying “disease” (i.e., why those symptoms emerge), the range of available “remedies,” and the “side effects” each remedy tends to generate. The first private ordering defect the book addresses is the externality.
I’ll never forget my introduction to the concept of externalities. P.J. Hill, my much-beloved economics professor at Wheaton College, sauntered into the classroom eating a giant, juicy apple. As he lectured, he meandered through the rows of seats, continuing to chomp on that enormous piece…
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Guest essay by Eric Worrall
h/t englandrichard – According to Bloomberg, Green energy shortages caused by extreme winter cold have turned the EU energy market into a gigantic Prisoner’s Dilemma, with national governments tempted to take care of their own people, before allowing electricity exports to their European partners.
Winter Cold Exposes Soft Underbelly of EU Energy Union Goal
9 February 2017, 15:00 GMT+10 9 February 2017, 20:18 GMT+10
As freezing weather triggered energy shortages across southeast Europe at the start of the year, Bulgaria’s refusal to export power was typical in a region where everyone had to fend for themselves.
Nations from Greece to Hungary hoarded power last month in response to the coldest winter in a decade, exposing the weakness of the region’s power markets, which should enjoy unrestricted flows. Temperatures in the Balkans and surrounding countries are expected to drop below freezing…
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Before there was political correctness, this guy would be known as the stirrer and publicity seeker who will say anything to attract attention and make money.
Dangerous, Milo Yiannopoulos’s new book, doesn’t come out until March 14, but it’s already #34 on Amazon, and #1 in 3 categories. On Friday, based on preorders, it had risen briefly to #1. Milo was paid $250,000 as an advance by Simon and Schuster, and stands to earn much more than that given the sales.
What’s in the book? It’s hard to tell, for there’s precious little information on the Amazon site, and even USA Today‘s article “What we know (and don’t know) about Milo Yiannopoulos’s ‘Dangerous’ book” doesn’t tell us what it’s about. I suspect it’s a combination of his views and his experiences on his “Dangerous Faggot” tour.
Those many people who have protested Milo’s appearances will be angered by the Dangerous‘s sales, and Sarah Silverman and Judd Apatow even called for boycotting of the book. What was clear to some of us, however, is that these…
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