Posted in You Can't Have it Both Ways on Jan 4th, 2013
A tiny bit more regulation under the current Administration is announced today. A couple of quick thoughts. (1) I am shocked at how FEW foodborne illnesses there seem to be. It would be nice for a serious article on food regulation to discuss costs and benefits. Of course, there is no mention of costs at […]
Read Full Post »
Posted in Flotsam and Jetsam on Jan 4th, 2013
It’s quite a simple lesson you see. Free-market capitalism is simply too truthful. When people freely exchange goods and services, with the rights to persons and property protected, then exchange values are predicated onĀ public evaluationsĀ of the values provided by such goods and services. There are no intrinsic values stating that you are worth $50 per […]
Read Full Post »