Don't just do something, stand there! Reflections on the counterintuitive behavior of complex systems, seen through the eyes of System Dynamics, Systems Thinking and simulation.
The proposed cash-for-clunkers program strikes me as yet another marginally effective policy that coulda been a contenda. In the aggregate, getting rid of clunkers doesn’t do much good, because fleet fuel economy has not improved in the last decade (at least current proposals don’t target age). Only transaction costs prevent wholesale shuffling of vehicles to … Continue reading “Cash for Clunkers Illusion”
AP has the story. The House Committee on Energy and Commerce has the draft. From the summary: The legislation has four titles: (1) a ‘clean energy’ title that promotes renewable sources of energy and carbon capture and sequestration technologies, low-carbon transportation fuels, clean electric vehicles, and the smart grid and electricity transmission; (2) an ‘energy … Continue reading “Draft Climate Bill Out”
I caught up with my email just after my last post, which questioned the role of the real economy in the current financial crisis. I found this in my inbox, by Thomas Friedman, currently the most-emailed article in the NYT: Let’s today step out of the normal boundaries of analysis of our economic crisis and … Continue reading “The Growth Bubble”