Debt as a buffer

Following on from his recent Vox column, which Philip linked to previously, Andrew Scott has some more sensible things to say about deficits and debts in the long run here.

Dreaming of pumped hydro

Frank McDonald keeps the dream alive in today’s Irish Times.

I have had no new insights since May 2009, but SEI & UCD organized an event where most speakers agreed with my assessment: Pumped hydro is just too expensive.