Cap and Trade and Irrationality

There’s a lot of talk now about how the Transocean Deepwater Horizon oil spill in the Gulf may make it easier for Obama to pass ‘cap-and-trade’ legislation. This legislation would cap the amount of pollution that is allowed in America, and then let companies buy and sell the ability to pollute. If your company pollutes … Continue reading

Bias in the Invisible Market

The Texas State Board of Education debate (previous posts here, here, and here) brings to the forefront the concept of bias, which is often a contentious subject. It’s a subject that is too complicated for just one post, so I’ll split it up, each post approaching the subject from a different angle. I’ll start with … Continue reading