The siren song of industrial policy

New York’s deal with Micron Technology is touted as an investment that will generate nearly 50,000 total jobs and a total of $25.6 billion in revenue to state and local government. But these forecasts rely heavily on speculative assumptions.

Raise the gas tax!

Higher prices encourage conservation and a shift to alternative fuels. That’s a good thing.

Making sense of money: Part 2

Arbitrarily tying the money supply to a commodity does not reduce uncertainty. That’s why there is very little support for a return to the gold standard among economists.

Making sense of money: Part 1

Banks’ dominance of financial transactions has perpetuated a system that is relatively slow and expensive. But change is coming.

Rochester’s renewed fuel cell focus

Hyzon Motors, established here in 2020, plans to create 100 jobs at the former GM facility in Honeoye Falls. The news follows Plug Power’s decision to create an innovation center in Rochester.