Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.
The active secondary ticket market for concerts and sporting events — sometimes derogatorily referred to as “ticket scalping” — has generated an unfair reputation as a market for hustlers looking to make a quick buck by gouging fans with excessive ticket prices.
How did we reach the point where the government is promoting a dreadful fuel that gets worse fuel economy than gasoline or diesel, drives up food prices, damages car engines and has unintended environmental consequences?
Turmoil brought on by the Syrian government's chemical weapons attack on civilians has distracted the Obama administration and Congress from something else in the Middle East that cannot be ignored: the world's growing dependence on Persian Gulf oil.
As an economist, the transparent political melodrama over the production of shale gas concerns me. Energy companies are unable to drill for natural gas on government land and in some states like California and New York, because of unreasonable restrictions on the advanced drilling technology known as hydraulic fracturing, or “fracking.”
Somewhere in the vast expanses of North Dakota's Bakken shale formation, the idea that the United States would run out of oil came to end. Surging shale oil and natural gas production has turned conventional wisdom on its head about the nation's energy future.