My Comments before Georgia’s Public Service Commission 5 Nov 2013

Thank you for the opportunity to speak before the Commission today.

I spent the last five years studying energy policy, leading to two career changes, and my pursuit of a PhD at Tech in Nuclear Engineering. What I thought was a challenging set of circumstances is much more complex–with significant consequences. Energy is a cornerstone of our economy. It’s use represents 80% of our GDP. If we are to grow our economy, increasing our access to energy carries the utmost importance. It should be our goal to reduce energy’s cost. While we do not have control over fuel costs, we do control how we use them and our policies to regulate their use. Continue reading

Allowing Complexity: A Liberal Response to Climate Change

In the essay below, I explore the consequences of current energy and environmental policy and suggest an alternative set of solutions based on private property rights to resolve cost externalities and foster innovation.  The essay is a little longer than I hoped.  It is in two parts, the first identifies the failures in current policy, and the second part identifies how we can implement a more enlightened environmental policy.

Continue reading

Pre-alpha Release 0.1a of “The Effect of Price in Macroeconomics”

Motivated by the debate over raising minimum wage and over the energy policy decisions of Germany and Japan with limiting nuclear energy, I wrote a paper using the thermodynamic analogy to show how price impacts the macro economy. I did not expect that it would take me this long to write as it introduced an unexpected need for developing some concepts such as the ideal arbitrage cycle.

Along the way, I found a different mathematical justification of the Black-Schoels equation that does not make the efficient markets assumption, but instead clarifies the concept of an efficient market as one that maximizes the system’s entropy. Such a MAXENT approach, has significant implications and can even be generalized to non-equilibrium conditions.

Here is the link to the release, The Effect of Price in Macroeconomics.

I look forward to your feedback.