Lynne Kiesling-Knowledge Problem

The Institute for Regulatory Law & Economics Five Prisms:

Nice piece that exposes a dumbfounding assumption hidden in DOE's recent report: no new power plants connect after 2026. This impossible constraint renders DOE's report practically useless.

"If Texas can prove you can deploy decentralized batteries and flatten peaks, then every state should do this" ERCOT is the bellwether of power systems.

Vernon Smith, in 1988, anticipating the development of RTO's to manage regional economic dispatch in the electric power industry. From Smith's “Electric Power Deregulation: Background and Prospects,” Contemporary Policy Issues, July 1988.

Prosperity runs on power. But we’ve been throttling the supply. @smithtjosh testifies shortly on how to restart the engine. Read his full written testimony here: abundance.institute/articles/new_a…

Data centers, ironically, could be one of the best tools to ease electricity rate spikes, *if* they can be flexible to mitigate need for mass infrastructure build & spread existing fixed costs - a topic the CO PUC chair, @TKavulla and I also discussed recently (12:42):…

My conversation @ZachBDell on building Base Power If you are interested in energy, the grid, and how each are changing, this is an awesome overview Even since we recorded, Base is scaling at an impressive clip A company, and entrepreneur, to watch

We need a technology-neutral approach to energy and climate policy. Picking winners and losers is problematic. My comments in @politico Morning Energy newsletter this morning.

The biggest "permitting" obstacle to new US power gen is arguably our restrictive interconnection rules outside ERCOT. I discussed w/ @TKavulla et al at Energy Imperatives Summit (17:58): youtube.com/watch?v=jiDLz8…

Backlash against data center-driven electricity costs appears to be growing. Here is Maryland's People's Counsel (appointed by state AG) in @baltimoresun

The pace of progress in AI is both uneven and remarkable. A year ago, ChatGPT was having trouble counting the number of r's in strawberry. Our economy and society is not ready for what's coming.

Honored to participate in @cosmos_inst's philosopher-builder conversation. We must garden emergence, not dictate structure--vital in the AI era. Human flourishing means breaking from defaults: instead of systems that harvest engagement, we need tech that helps people grow.

With respect, Mr. Vice President @JDVance, I can assure you that the #economics profession does fully understand #tariffs, going all the way back to Adam Smith. Economists disagree about many things, but the nature and effects of tariffs are one thing they do agree upon. 1/2

Do you prepare yourself to a Phd\Master Microeconomics course? The 2025 version of my book "Lecture Notes in Microeconomic Theory: The Economic Agent" is available for FREE downloading. See first comment to the URL.

Recycling solar panels sounds like a no-brainer — but it’s costly, complex, and often not worth it economically. Most panels still end up in landfills, but smarter designs could change that. buff.ly/t2pBVUF #sustainability

Very significant: @SPPorg just unveiled a major new initiative to lead on hyperscale load integration w/ accelerated speed to power for flexible loads, fast-tracked for implementation within months.🧵

The Abundance and Growth Fund at Open Philanthropy is hiring! We’re looking for 2-4 people to help expand this new $120+ million program to accelerate economic growth and reduce the cost of living through strategic grantmaking and research. (1/4) openphilanthropy.org/research/annou…

Adam Smith's most famous sentence exhibits rhetorical craftsmanship: “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.” Let's unpack it.

Crazy stuff. I'm starting to like these "prices"! Wonder what else they can do