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Subsidy Risk

Dependence on subsidies entails significant, and potentially existential, risk factors.  A case can be made in favor of subsidizing new technology, for limited periods, in order to mitigate early, low volume related costs, as potential participants seek to reach critical mass.  However, subsidies are generally of limited duration, as the long term costs are not […]

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Universal Basic Income: Now India?

We have previously commented on proposals by economists and political scientists that would substitute universal income policies as credible alternatives to existing social programs such as unemployment insurance.  (see blogs dated 2015-12-17, 2016-11-22 and 2018-05-02,) The idea is straightforward:  Provide citizens with a minimum allowance, without means-testing, that would give everyone the wherewithal to live […]

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“The Risks of Failing to See the Sea”

This is the title of a recent Wall Street Journal editorial written by Elisabeth Braw, referencing a major military exercise, in and around Norway, involving 31 countries.  She notes that the West suffers from what is sometimes called “sea blindness”, a general ignorance of maritime and naval affairs. She goes on to suggest that, since […]

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The EV Dichotomy

Following a recent visit to India, I came away with several pertinent climate and energy observations. Traffic in major cities, such as Delhi and Mumbai, is very difficult. Air quality is bad.  In the morning, visibility from my hotel room window was generally less than one mile.  While some improvement developed during the day, the […]

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He Said, She Said

On June 5, 2017, Bloomberg News reported that, “China plans to halt issuing permits to produce electric vehicles because of concern that additional approvals may lead to a glut in the world’s biggest auto market, according to people with knowledge of the matter.” On June 19, 2017, Bloomberg News reported that, “Tesla, Inc. is close […]

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Can U.S. Manufacturers Compete With China?

It is beginning to look like the answer is yes. Historically, conventional wisdom held that China’s low wage rates were the trump card in manufacturing location decisions.  Things are changing.  While low wages were certainly a major factor in China’s economic competitiveness, low taxes were also a material factor. Today in China, wages are going […]

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