Some Economics of Gun Regulation
When it comes to regulate gun ownership, the ratio of confident predictions to actual research evidence can be distressingly high. A substantial report from the RAND think tank, which I wrote about last spring, spells out this theme in some detail ("The Distressingly Weak Lessons of Research on Gun Control", March 12, 2018). The Regulatory Review, A Publication of the Penn Program on Regulation, has entered the fray with a series of nine short essays on "Bringing Expertise to the Gun Debate." which ran from November 5-15, 2018. Here are some points that caught my eye:
- 08/01/2019
- 5
When Alan Greenspan Worried about Overly Large Budget Surpluses
There was a time, less than 20 years ago, when a major concern for the US government was how it would deal with the problems of paying off all government debt, which was projected to happen by about 2010. Alan Greenspan, then chairman of the Federal Reserve, made it a major point in his "Outlook for the federal budget and implications for fiscal policy" when he testified before the US Senate Budget Committee on January 25, 2001.
- 08/01/2019
- 7
An Energy Audit is Not a Guarantee of Performance
Many countries have made energy audits mandatory, especially for larger consumers, as part of their energy efficiency policy. But is this provision effective? Is it the first step in the desired energy transition for all consumers?
- 08/01/2019
- 1
2018 — The Year Crypto Hedge Funds Would Rather Forget
It wasn’t supposed to be this way.
- 08/01/2019
- 5
China’s Monetary Easing May Provide an Unexpected Boost for Bitcoin
China is hardly what one would describe of as the epitome of transparency, especially when it comes to issues of economic data and reporting. But a recent move by the People’s Bank of China (PBoC), the Chinese central bank should be cause for concern in the world’s second largest economy. As global markets fell last week on the back of trade war worries as well as a slowdown in Chinese growth, China’s central bank announced that it would inject US$117 billion into the banking system, allowing commercial banks to cut the share of deposits that they must hold in reserve, in an effort to boost lending and halt what some analysts believe may be a far sharper slowdown in economic growth than reported.
- 08/01/2019
- 4
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