If Obama had moved early on Libya, it would be easy to condemn him for bogging us down in another armed conflict. There would be no counterfactual available to demonstrate hundreds would have been killed if the rebels weren’t protected via No-Fly Zone.
If Obama does nothing, Gaddafi eventually retakes all of Libya and those areas/peoples opposing him would be subject to massive reprisals. Obama is condemned for allowing a massacre to unfold.
Solution: Obama lets enough slaughter to go down that the media supports intervention. His opposition is split, now deriding the decision for a new entanglement after having first protested his lack of action in Libya. You think maybe they had one of those big thermometers stuck to the wall of the Oval Office like they have at fundraisers, waiting for the mercury to hit 2,000 before sending in the Air Force? 2,000 lives for about +/- 4 points in the polls is a pretty solid bargain. Well done, Mr. President, well done.
The title portends a gateway to a vagary of takes on a multitude of topics. Really, I just like college football and energy economics. You should too.
Tuesday, March 29, 2011
Saturday, March 26, 2011
This video has been making the rounds on the internet and stirring up more sentiment against the formal Libyan Government:
I struggle with not wanting to diminish the harm done, and recognizing how insignificant the event really was. You can reasonably assume hundreds of women have encountered mistreatment in Libya since fighting began in February. Absent a quick reunification and proper rule of law, thousands more will follow. Rape is what happens when regions suffer destabilization, but I don't think we like to talk about it because it makes us feel icky. Anyway, body counts aren't always the best way to measure the impact of armed conflict, but these types of externalities never make it into the broader conversation surrounding military engagement.
I struggle with not wanting to diminish the harm done, and recognizing how insignificant the event really was. You can reasonably assume hundreds of women have encountered mistreatment in Libya since fighting began in February. Absent a quick reunification and proper rule of law, thousands more will follow. Rape is what happens when regions suffer destabilization, but I don't think we like to talk about it because it makes us feel icky. Anyway, body counts aren't always the best way to measure the impact of armed conflict, but these types of externalities never make it into the broader conversation surrounding military engagement.
Wednesday, March 23, 2011
Saturday, March 19, 2011
Environmental(ist-induced) Disasters
Unintended consequences are a wonderful source of intrigue and entertainment to me. I absolutely love them. At night, we cuddle up (we alternate big spoon) and I whisper sweet nothings into their ear. I’ve got a thing for the study of unintended consequences.
In the realm of environmental policy, we saw a cap-and-trade measure* implemented under Bush I to reduce SOx emissions actually increase the usage of older, inefficient, and highly polluting plants than would have otherwise occurred in the free market. This was because older plants were grandfathered in, and did not have to be compliant with the new rules – only new plants did. This made new plants comparatively more expensive under the regulated system, even though they would have been cleaner. Although we benefitted long-term, the short-term result was actually more pollution.
While a reasonable person could have guessed this would have been the case, not all policymakers are reasonable. It’s relevant because pushback against nuclear power is occurring in both the United States and abroad (think Germany) following the horrific events in Japan. As can be expected, the immediate pushback has been to make new construction of nuclear power more difficult.
There are two problems with this – one specific to the nuclear industry, and the other for the energy sector as a whole. For nuclear power, it would be one thing if this were to cause us to start shutting down nuclear plants. But aside from New York Governor Cuomo’s push to shut down Indian Point (long a goal of his), I’m not hearing much push for this – more attention is being focused on moving away from constructing new nuclear power. However, if we make it more difficult to build new plants, we’re left with the crappy, unsafe ones. This is the exact opposite we want. The safest plants will always be new ones built by engineers privy to materials and information not available 40 or 50 years ago.
The second item to consider is that if we do start phasing out these old plants because we don’t trust them, how do we replace the lost electricity production? NIMBYism has prevented us from building wind turbines, coal-fired plants, dams, large-scale solar, and just about any other power production source you can think of. The outcome of this situation is more expensive energy, which kills economic growth. Uber-environmentalists may get excited about this, but they fail to consider that our replacement power is going to be coming from those old, nasty coal-fired plants and current peaker plants. This would also reduce the reserves that can be brought online in the event of increased demand, resulting in blackouts and their associated dangers (think Enron’s manipulations of the California energy market the impacts on the elderly stuck in unairconditioned apartments once the power goes out). That’s how unintended consequences work.
Full Disclosure: despite Brian Adornato’s attempts to dissuade my position, I want some more nuclear up in this bitch.
*For platitudinal conservatives, I hope this information doesn’t make your head explode. Yes, cap-and-trade was implemented in the early 1990s to reduce sulfur emissions from coal burning power plants under a Republican President by enforcing the EPA’s Clean Air Act. The final cost was ten times less than industry estimated it would be, and we made leaps and bounds in reducing acid rain while achieving millions of dollars in health care costs savings by reducing the incidences of asthma, bronchitis, and other respiratory diseases. Yeah, that actually happened.
In the realm of environmental policy, we saw a cap-and-trade measure* implemented under Bush I to reduce SOx emissions actually increase the usage of older, inefficient, and highly polluting plants than would have otherwise occurred in the free market. This was because older plants were grandfathered in, and did not have to be compliant with the new rules – only new plants did. This made new plants comparatively more expensive under the regulated system, even though they would have been cleaner. Although we benefitted long-term, the short-term result was actually more pollution.
While a reasonable person could have guessed this would have been the case, not all policymakers are reasonable. It’s relevant because pushback against nuclear power is occurring in both the United States and abroad (think Germany) following the horrific events in Japan. As can be expected, the immediate pushback has been to make new construction of nuclear power more difficult.
There are two problems with this – one specific to the nuclear industry, and the other for the energy sector as a whole. For nuclear power, it would be one thing if this were to cause us to start shutting down nuclear plants. But aside from New York Governor Cuomo’s push to shut down Indian Point (long a goal of his), I’m not hearing much push for this – more attention is being focused on moving away from constructing new nuclear power. However, if we make it more difficult to build new plants, we’re left with the crappy, unsafe ones. This is the exact opposite we want. The safest plants will always be new ones built by engineers privy to materials and information not available 40 or 50 years ago.
The second item to consider is that if we do start phasing out these old plants because we don’t trust them, how do we replace the lost electricity production? NIMBYism has prevented us from building wind turbines, coal-fired plants, dams, large-scale solar, and just about any other power production source you can think of. The outcome of this situation is more expensive energy, which kills economic growth. Uber-environmentalists may get excited about this, but they fail to consider that our replacement power is going to be coming from those old, nasty coal-fired plants and current peaker plants. This would also reduce the reserves that can be brought online in the event of increased demand, resulting in blackouts and their associated dangers (think Enron’s manipulations of the California energy market the impacts on the elderly stuck in unairconditioned apartments once the power goes out). That’s how unintended consequences work.
Full Disclosure: despite Brian Adornato’s attempts to dissuade my position, I want some more nuclear up in this bitch.
*For platitudinal conservatives, I hope this information doesn’t make your head explode. Yes, cap-and-trade was implemented in the early 1990s to reduce sulfur emissions from coal burning power plants under a Republican President by enforcing the EPA’s Clean Air Act. The final cost was ten times less than industry estimated it would be, and we made leaps and bounds in reducing acid rain while achieving millions of dollars in health care costs savings by reducing the incidences of asthma, bronchitis, and other respiratory diseases. Yeah, that actually happened.
Saturday, March 12, 2011
My Library List is Smarter Than Yours
The items are listed under the addresses of the libraries that own them. If you have a question about an item, please call the owning library.
--------------------------------------
Albany Public Library
161 Washington Avenue
Albany, NY 12210-2398
518-427-4300
http://www.albanypubliclibrary.org
The following items, which are owned by Albany Public Library, are due in two days. Please renew them or return them to your local library on or before the due date.
Title: The myth of the rational voter why democracies choose bad policies
Author: Caplan, Bryan Douglas, 1971-
Call No: 320.6 C
Due Date: March 14, 2011
Barcode: 31182017843136
Title: The J curve a new way to understand why nations rise and fall
Author: Bremmer, Ian, 1969-
Call No: 320.3 B
Due Date: March 14, 2011
Barcode: 31182017345223
--------------------------------------
William K. Sanford Town Library
629 Albany Shaker Road
Loudonville, NY 12211-1196
518-458-9274
http://www.colonie.org/library
The following items, which are owned by William K. Sanford Town Library, are due in two days. Please renew them or return them to your local library on or before the due date.
Title: Economic gangsters corruption, violence, and the poverty of nations
Author: Fisman, Raymond
Call No: 364.1 FIS
Due Date: March 14, 2011
Barcode: 0000281847
--------------------------------------
Albany Public Library
161 Washington Avenue
Albany, NY 12210-2398
518-427-4300
http://www.albanypubliclibrary.org
The following items, which are owned by Albany Public Library, are due in two days. Please renew them or return them to your local library on or before the due date.
Title: The myth of the rational voter why democracies choose bad policies
Author: Caplan, Bryan Douglas, 1971-
Call No: 320.6 C
Due Date: March 14, 2011
Barcode: 31182017843136
Title: The J curve a new way to understand why nations rise and fall
Author: Bremmer, Ian, 1969-
Call No: 320.3 B
Due Date: March 14, 2011
Barcode: 31182017345223
--------------------------------------
William K. Sanford Town Library
629 Albany Shaker Road
Loudonville, NY 12211-1196
518-458-9274
http://www.colonie.org/library
The following items, which are owned by William K. Sanford Town Library, are due in two days. Please renew them or return them to your local library on or before the due date.
Title: Economic gangsters corruption, violence, and the poverty of nations
Author: Fisman, Raymond
Call No: 364.1 FIS
Due Date: March 14, 2011
Barcode: 0000281847
Subscribe to:
Posts (Atom)