Blog Review 624
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Explaining the distribution of the gains from trade. Further, the fall in the dollar should mitigate the impetus to more trade restrictions.
How some people manage to entirely misunderstand economics (fun for those with a technical bent). More here.
Possibly the least surprising economic conclusion possible: people respond to incentives.
Why national longevity statistics aren't all that good a guide to health policies: there's a lot of genetics in there as well.
It's not just governments that can crowd people out of markets: the BBC seems to be doing a pretty good job as well.
What can happen when goverments play favourites with special interest groups and the ownership of assets.
And finally, censorship in consultation exercises.