Cold Air from Wordpress

A nice summary on this year's recipient of Nobel Prize in Economics, Angus Deaton. The press release on "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015" To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, A ngus Deaton has enhanced this understanding. By linking detailed individual choices and aggregate outcomes, his research has helped transform the fields of microeconomics, macroeconomics, and development economics. The work for which Deaton is now being honored revolves around three central questions: How do consumers distribute their spending among different goods?... How much of society's income is spent and how much is saved?... How do we best measure and analyze welfare and poverty?...   I follow the Knowledge Problem blog which has  nice short article recommending Deaton's accessible work, The Great Escape as well as ...

In the past 6 months the government has gutted the intent of the Electricity Act's financial requirements and now promises to abolish recognizing the value of electricity sector assets in retiring debt claimed to arise from building Ontario's public electricity infrastructure. Background: I covered the development of the current financial structures in Stranded Debt - Abandoned responsibilities , and I covered the illegality of the plan to swap profitable Ontario power for subsidized Toronto transit in  Ontario’s Outlaw Premier Plots to plunder Hydro One The government did, in fact, revise the Electricity Act to facilitate their desires, and they intend on once again changing law to ensure no profits from the sale of Hydro One go to pay down debt allegedly due to Hydro One and other public electricity sector assets.