I never did get around to planting out my Jerusalem artichokes I bought this spring. I guess now is a good time to do it.
You can see how they cracked open the plastic pot.
A perfect concurrency market with a marginal cost of zero is something totally outside the standard study and practice in economics. It is the reason why spot electricity prices collapse during sunny summer days or why during autumn storms there can even be negative prices. These are all symptoms of a market whose price will get closer and closer to zero the larger the number of renewable energy systems connected.Of course, this is not profitable for electrical generation of any kind.
The only reason you aren't dead right now is because Obama hasn't decided to kill you -- yet. But he claims he has the power to do so -- and there are almost no voices of any prominence to dispute the contention.So, have you thanked Obama today for allowing you to live?
What If the People We Send to Congress ARE the Best We Can Find?This scary thought occurred to me as I watched the fiscal cliff negotiations proceed. I have been lamenting the brokeness of the political system and the federal government for a while now. And I am hardly the only one. But if my thesis about the lack of sapience is correct then we are not looking at a merely broken system. Maybe the system is working perfectly given the constraints on the capabilities of the component parts (we humans). We can't assume that somehow or another we keep sending incompetent or dishonest people to Washington and that one day that will change.