Big Oil V. California | Armstrong Economics
Chevron can no longer remain profitable in California, where politicians fail to understand the impact of reducing fossil fuels without a reliable alternative. The company has already pulled back hundreds of millions in spending in California over the past two years. Chevron’s Q4 filings proclaimed it needed non-cash write-downs and is expected to report non-cash […]
My Weekly Reading – Econlib
Some highlights of my weekly reading. Ilya Somin, “Canadian Immigration Officials Block Citizenship Grant for Russian Immigrant Because She Was Convicted of the ‘Crime’ of Speaking Out Against Russia’s War of Ukraine,” Reason, Volokh Conspiracy, January 5, 2024. Excerpt from the article quoted by Somin: Kartasheva, 30, learned via her family that in late 2022 […]
What happened to the artificial-intelligence investment boom?
Many economists believe that generative artificial intelligence (AI) is about to transform the global economy. A paper published last year by Ege Erdil and Tamay Besiroglu of Epoch, a research firm, argues that “explosive growth”, with gdp zooming upwards, is “plausible with ai capable of broadly substituting for human labour”. Erik Brynjolfsson of Stanford University […]
Subsidies: Cui Bono? | AIER
An important principle often used in legal cases is Cui Bono (“Who gains?”). It is frequently the key to motive, in the troika of means, motive, and opportunity in criminal cases. But Americans could also benefit from its use when it comes to evaluating government benefit programs. The primary reason is that when discussing benefit […]
