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Daily Archive for October 31st, 2008

Russ Roberts Channels Hayek

Worst of all are the political incentives that are unleashed when Washington promises to spend a trillion dollars (and counting). No one can spend such money wisely even if they want to. The information about who needs to be bailed out and who needs to fail is too complicated. Inevitably, such decisions will begin to […]

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Hollow-ween

On this scary day I stop to think about how scary people used to think jobs in the manufacturing sector were. Indeed, much of the anti-market sentiment that developed in the middle of the 19th century derived from worries that factories were soulless, immiserating places where the joy of life was removed from exploited workers, […]

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