Year: 2010

On Infrastructure, Time to Dump the Ideology

“President Obama has proposed a new $50 billion infrastructure program that would expand and repair highways and transit systems, while refurbishing airport runways and implementing long-overdue air-traffic-control reforms to improve the reliability of air travel.”

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Understanding Profits

“Water services should meet the cost of the capital they employ (that is to say, make normal profits), just like other utilities such as electricity and gas. If they don’t, capital will be misallocated because it could produce more social value in other uses.”

Con: Earth is Never in Equilibrium

“In a world where we experience temperature changes of tens of degrees in a single day, we treat changes of a few tenths of a degree in some statistical residue, known as the global mean temperature anomaly (GATA), as portents of disaster.”