Year: 2008

Are We Ailing from Too Much Deregulation?

Many journalists claim that the U.S. economy since the late 1970s has been very free, with little regulation; that this absence of regulation has caused markets to fail; that there was a consensus in favor of little regulation; and that, now, this consensus is fading. On all these counts, the reports are false. Specifically, the U.S. economy has not been free since before the New Deal of the 1930s.

Chalk or Cheese?

Unlike the obvious difference between those two items, Canadian municipalities often mix up two very different accounting categories—operating and capital expenditures. The result is that an educated reader is left to guess about municipal financial statements.

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Who Could Object To Wind Power?

The biggest problem with wind is that it doesn’t always blow. There are lots of days when Toronto’s monument to civic virtue couldn’t even power my toaster. Inconveniently, these times of low production tend to coincide with times of high demand. So no matter how many turbines you put up, you always need backup power.