A welcome addition to the free market blogosphere from a country which most certainly needs such advocates.
A note to certain MBA students. No, A. Hitler is not a good role model nor management guru.
Just as booze prohibition was a bad idea so too drug such. Even the excuses as to why it doesn't work seem to be similar.
Is regulation or the law needed to deal with asymmetric information? Looking at markets where regulation and the law are impossible to use, apparently not.
Although it is true that in certain markets what is being sold is not quite what is being bought.
The importance of property rights to economic development: one of those things that's difficult to overstate.
For we've a number of historical examples showing the problems of not having them.
What declaring CO2 as a pollutant might mean in practice.
It might well be true that some people cannot manage their lives: but that does not mean that there are people capable of managing the lives of all of us.
The John Bates Clark Medal: not everyone is happy with the latest recipient.
Don't sweat that national debt stuff. We'll just do what we did before, default on it.
Here's the big question. Just where did all the money go?
And will a million voters sign up to tell Gordon where he needs to go as a result?
An interesting point. For a bank to get TARP funds requires filling out a 4 page form. To give that same money back requires 16 pages...
Everyone likes blaming the securitization of loans for the problems: but without a revival in that market the problem just isn't going to get solved.
More on credit: to those politicians who think that credit card companies charge too much. Why aren't you launching your own credit card and cleaning up by competing?
Yet more evidence that the environment is a luxury good. As we get richer we use less of it.
How can we use fewer resources? You know, this walking more lightly upon the earth thing? How about just make the economy grow faster?
There's a certain disconnect between what journalists write about matters economic and what economists write about matters economic. Yes, even at the FT.
Netsmith does wonder though, whether alternative history as written by economists will catch on.
No wonder there is still controversy about what to do about finance: there's still controversy about what happened.
