Peter Orszag writes "The cost of wind energy has dropped drastically over the past several decades as the technology has advanced, especially in the size of turbines. Since 2009, the unsubsidized average cost of onshore wind-energy production has fallen to 4.2 cents per kilowatt hour, from 13.5 cents in 2018, according to an analysis by Lazard, the company I work for."
"The music business is a microcosm of the world economy", writes Peter R. Orszag, a Bloomberg Opinion columnist and ""chief executive officer of financial advisory at Lazard. "Most fundamentally, music embodies the 'paradox of value'. We spend a lot of time listening to music — an average of three to four hours a day — and doing so makes us significantly happier."
