All Posts Tagged With: "knowledge problem"
Competition
Give Me a Break!
Competition
by John Stossel
John Stossel is the hosts of Stossel on Fox Business and the author of Myths, Lies, and Downright Stupidity: Get Out the Shovel—Why Everything You Know is Wrong. Copyright 2009 by JFS Productions, Inc. Distributed by Creators Syndicate, Inc.
“Choice, competition, reducing costs—those
are the things that I want to see accomplished [...]
Arrogance
It’s crazy for a group of mere mortals to try to design 15 percent of the U.S. economy. It’s even crazier to do it in a few months.
Yet that is what some members of Congress presumed to do. They intended, as the New York Times put it, “to reinvent the nation’s health care system.”
Let that [...]
Bad Regulation Drives Out Good
In 1969 economist Harold Demsetz identified a flaw in much public policy analysis, the “Nirvana Fallacy”:
“The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing ‘imperfect’ institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice is [...]
Fortune Tellers and Planners, Public and Private
Above all we should remember that government is no wiser and in many ways less well informed than private actors.
21May2009 | Stephen Davies | 0 comments | ContinuedWhite Magic
Mr. Read is President o[ the Foundation for Economic Education.
Each person tends to satisfy his desires along the lines of least resistance. Those who really believe outright thievery or spoliation (political plunder) to be immoral are thereby bound to reject such so-called easy means to their ends. Why? They recognize that any injustice done [...]
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
