Three key points:
1) Grid governance should move further towards energy-only systems.
2) The right governance for the grid is tech-neutral.
3) Capacity markets are cures worse than the disease.
LISTEN: Dan Bongino’s and Vince Coglianese’s in-house economist, @RealEJAntoni, who also happens to be an economist for The Heritage Foundation, breaks down the Trump tariffs:
“This whole idea that tariffs can never serve a good purpose, that’s just not correct, neither
We have built invisible cathedrals that our lives depend on.
They are beyond any single person's grasp. But their operation should still instill a kind of wonder and reverence as cathedrals do.
Our failure to see the invisible cathedrals results in a belief that we are uniquely set upon by today's demands.
The opposite is true. But this feeling dominates:
"The responsibility of economic historians is to remind the world what things were like before 1800. Growth was imperceptibly slow, and the vast bulk of the population was so poor that a harvest failure would kill millions. Almost half the babies born died before reaching age 5,
After spending 20 days in the NICU, infant mortality numbers have felt shockingly personal and real.
Just a few decades ago, my wife and kids would be dead. This would be the norm.
Today it's almost unbelievable.
There are three more essays coming from Mann on water, energy, and public health that have a lot to live up to after the introduction and the first essay!