Scott Alexander on the Progress Studies conference

 [[{“value”:”Here is one excerpt: Over-regulation was the enemy at many presentations, but this wasn’t a libertarian conference. Everyone agreed that safety, quality, the environment, etc, were important and should be regulated for. They just thought existing regulations were colossally stupid, so much so that they made everything worse including safety, the environment, etc. With enough political will,
The post Scott Alexander on the Progress Studies conference appeared first on Marginal REVOLUTION.”}]] 

Here is one excerpt:

Over-regulation was the enemy at many presentations, but this wasn’t a libertarian conference. Everyone agreed that safety, quality, the environment, etc, were important and should be regulated for. They just thought existing regulations were colossally stupid, so much so that they made everything worse including safety, the environment, etc. With enough political will, it would be easy to draft regulations that improved innovation, price, safety, the environment, and everything else.

For example, consider supersonic flight. Supersonic aircraft create “sonic booms”, minor explosions that rattle windows and disturb people underneath their path. Annoyed with these booms, Congress banned supersonic flight over land in 1973. Now we’ve invented better aircraft whose booms are barely noticeable, or not noticeable at all. But because Congress banned supersonic flight – rather than sonic booms themselves – we’re stuck with normal boring 6-hour coast-to-coast flights. If aircraft progress had continued at the same rate it was going before the supersonic ban, we’d be up to 2,500 mph now (coast-to-coast in ~2 hours). Can Congress change the regulation so it bans booms and not speed? Yes, but Congress is busy, and doing it through the FAA and other agencies would take 10-15 years of environmental impact reports.

Or consider solar power. The average large solar project is delayed 5-10 years by bureaucracy. Part of the problem is NEPA, the infamous environmental protection law saying that anyone can sue any project for any reason if they object on environmental grounds. If a fossil fuel company worries about a competition from solar, they can sue upcoming solar plants on the grounds that some ants might get crushed beneath the solar panels; even in the best-case where the solar company fights and wins, they’ve suffered years of delay and lost millions of dollars. Meanwhile, fossil fuel companies have it easier; they’ve had good lobbyists for decades, and accrued a nice collection of formal and informal NEPA exemptions.

Even if a solar project survives court challenges, it has to get connected to the grid. This poses its own layer of bureaucracy and potential pitfalls.

Do read the whole thing.  And congratulations to Jason Crawford and Heike Larson for pulling off this event.

The post Scott Alexander on the Progress Studies conference appeared first on Marginal REVOLUTION.

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