Last week, I posted here and here about Larry Summers's excellent talk in which he advocated removing the ban on U.S. oil exports. I then remembered that when I was the Senior Economist for Energy Policy with President Reagan's Council of Economic Advisers, I had written a memo on the issue of relaxing the constraint on exporting Alaskan oil.

GLASGOW — To most Americans, Scotland means golf, whisky and — if they go there — steady drizzle. Even to the millions of Americans whose surnames testify to their Scottish or Scotch-Irish ancestry, the idea that Scotland might be about to become an independent country is baffling.

To tackle global warming, rely on a simple pollution tax rather than ham-handed government regulations.

This post is directed largely at American men aged 50-65 who were enthralled with NBC’s summer 2014 hit mini-series “Welcome to Sweden.”

I’m in Charleston, South Carolina, today through Wednesday, on a fact-finding mission (the fact: my father celebrating his 80th birthday; the finding: there are few nicer places to be post-Labor Day — provided no hurricanes are working their way up the Atlantic seaboard).

You may recall the famous Cash for Clunkers program in 2009 that attempted to stimulate the economy by giving government rebates to people who bought used cars.  The program cost taxpayers $3 billion and was widely criticized for merely accelerating decisions to buy cars, rather than producing additional sales.