"Why you should care that the Diablo Canyon nuke plants are being shut down"

Jazz Shaw has yet another warning for the goofy people running California.

Unfortunately for Californians and their already stressed power grid, this is going to cause a lot of problems. Energy demand on the left coast varies wildly and the grid has to be carefully regulated. Operators can’t just scale back or ramp up wind and solar energy flowing onto the grid the same way they can with nuke plants or natural gas systems. It’s either on or it’s off. This has led to cases where the grid is actually flooded with more energy than is being demanded, leading to potential system damage and blackouts. At other times, there simply isn’t enough sun or wind and the deficit has to be made up by fossil fuel plants. That’s worked well enough so far, but the more you shrink the fossil fuel supply, the less flexibility you have to stabilize the grid during peaks and lows in the demand cycle. 

And what is being accomplished here for the eco-warriors who cooked up this idea? They supposedly want to reduce carbon in the atmosphere, right? Well . . . the nuke plants don’t produce any carbon.

See also "Thorny issues challenge California's commitment to renewable energy goals".


"I’ll need how much money for retirement?"

AEI's Andrew G. Biggs argues that rather than saving too little, as many media reports claim, many Americans may be saving too much.

But saving too much for retirement isn’t like having too healthy a diet or being too nice to other people. It comes with real downsides, the biggest of which is a lower standard of living during your working years. Already, many more retirees tell Gallup they have enough money to live comfortably than do working-age households. That’s not a sign of undersaving.

He extends the argument here: "Why Retirees Aren't Running Out Of Money".


"Does the U.S. Economy Lack Competition, And If So What To Do About It? "

Transcript of a remarkable recent speech by FTC Commissioner Maureen K. Ohlhausen.

It's remarkable for three reasons: 1) she's a Democratic--Obama--appointee, but 2) she briefly but quite deftly demolishes the recent revival by the CEA, Stiglitz, Krugman, et al. of IO doctrine that was reftued forty years ago, and 3) she vigorously supports an excellent idea for dealing with the monopolization--such as it is--that exists.


How the heck did I miss this?

Bloom County has been back for almost a year!!

Mr. Breathed has lost a few inches off his fast ball--in 25+ years almost everybody not named Nolan Ryan does--but Bloom County is still terrific. (And to continue the baseball analogy, given how much crazier the world has gotten, he's now not facing major-league hitters but high school ones.)