Monday, August 18, 2003

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Current events economics on the web

Some "current events" economics worth reading on the web:

1) In Tech Central Station, fellow Chicagoan and blogger Lynne Kiesling has a concise essay on the state of play in electricity regulation and deregulation in the wake of last week's blackout.

2) Via Tyler Cowen, two Washington Times essays -- one by Dan Griswold and one by Bruce Bartlett -- on why the U.S. does not need to fear outsourcing.

3) Brad DeLong has an informative post on the extent to which the U.S. trade deficit is unsustainable. Well, it's informative in that DeLong is honest about what's known and unknown regarding the sustainability of the deficit.

Go check them all out.

posted by Dan on 08.18.03 at 02:17 PM


No one that I'm aware of (other than myself) has discussed what may be at the center of the recent blackout. Lack of control.

There was enough power. What you have to look at then is what could have caused the surges (building up over three hours) if there was enough power.

The answer is that if short term fluctuations (under a second) are insufficiently damped then oscillations can build up. It is a matter of inductance, capacitance, delay, resistance, and negative resistance.

Funny I haven't seen any commentators discuss any of those issues. (actually from a layman's point of view delay can substitute for inductance and capacitance)

posted by: M. Simon on 08.18.03 at 02:17 PM [permalink]

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