Tag: monopoly
Blackouts and Monopolies: Public Utilities in California

Power outages have become a way of life for Californians this fire season. Pacific Gas and Electric cut the power to nearly 3 million residents in Northern and Central California in a preemptive attempt to minimize wildfire risk during high winds and dry conditions, and the fires that erupted in Ventura, Los Angeles, Riverside,...
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More Freedom, Not More Government (or Persistent Blackouts), Needed to Fight Wildfires

To begin to truly solve the underlying problem, lawmakers and regulatory policymakers must recognize how government intervention has made things worse.

How NYU Can Learn from China

When I studied in London last year as part of my university’s exchange program, I experienced first-hand the inefficiencies of monopolies propped up by central authorities. The “central authority” I speak of is not, perhaps, what you are thinking of: the UK government, or worse, the ‘notorious’ European Union. Rather, I use the term...
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Economists Mustn’t Forget the Fallacy of Decomposition

Because of their field’s stress on logic, economics teachers commonly emphasize some fallacies for students to avoid in the early stages of principles courses. One widespread example is the fallacy of composition—the mistaken notion that what is true of an individual is necessarily true of a group. In reality, of course, what is true...
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Net Neutrality: Pushing on Another Side of the Balloon

Yesterday I blogged on President Obama’s ill-conceived and statist call for the Federal Communications Commission (FCC) to regulate the Internet so as to prevent Internet Service Providers (ISPs), companies like Comcast, Time Warner, and AT&T, from charging differentially higher fees to Netflix, Amazon Prime, and other broadband “hogs” for subscribers’ access to online content....
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The Independent Review—Spring 2011 Issue Now Available

[Cross-posted in the March 22 issue of The Lighthouse, the Independent Institute’s weekly email newsletter. Sign up for your free subscription here.] We are delighted to announce the publication of the Spring 2011 issue of the Independent Institute’s peer-reviewed journal, The Independent Review, edited by Senior Fellow Robert Higgs. This issue’s articles and book...
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Economics of Police Brutality

Here are a few thoughts on the economics of apparent police brutality and media portrayals thereof: 1. Judiciously edited video can be deceptive. However, I’d be interested in learning the conditions under which a woman being cross-checked by a cop who looks to be about a head taller than her and probably 50-100 pounds...
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