Homines libenter quod volunt credunt
Posted in Environment, You Can't Have it Both Ways on Sep 20th, 2010
And in this week’s scare, genetically modified fish (as if animal breeding isn’t genetically modifying things … have you ever seen a “normal” chicken with a 9 pound breast!) “Critics call the modified salmon a “frankenfish” that could cause allergies in humans and the eventual decimation of the wild salmon population. Representatives from consumer, environmental […]
Posted in Property Rights, Socialism, Taxation on Sep 20th, 2010
Tyler Cowen weighs in on a debate “raging” regarding the complaints of a rich guy about his impending (increasing) tax bill: Oddly — or perhaps not — it’s the people who feel they deserve their money who are the most likely to give it away. I’m not going to weigh in. Rather, I’ll ask, is it OK […]
Posted in Market Failures, Regulation on Sep 20th, 2010
There is a well worn belief that not all forms of price reductions by firms are socially beneficial. Such price cutting is typically referred to as “predatory pricing.” In other words, while you and I and most rational people understand that when firms lower prices, this is a reflection of improved efficiency on their part, […]
