Ten Second News

Lemonade, Taxis, Victims and a Comment Rescue or Two

In a recent post by Tod about privilege, a discussion emerged regarding the role of government in providing privilege via the enforcement of monopolies. As noted, such privilege does not just belong to the initial rent-seeker, but also to anyone who subsequently decides to purchase that monopoly, that privilege. These people asked for no favours…

Social Forces and Vulgar Libertarianism

Will Wilkinson makes an important observation about the affinity between libertarians and conservatives. At the heart of the fusionism between the two groups, he explains, is the notion of individual responsibility. Whereas libertarians and conservatives attribute success and failure to the personal strengths and flaws of individuals, liberals see a vast array of social forces,…

Optimism Inc.

Me: Not to sound like too much of an optimist – because resource depletion does keep me up nights, too – but I do think innovation and green technology and new ways of crafting our cities, our transportation infrastructure, and so forth, will do a better job overcoming this obstacle than any sort of central…

Stocks collapse, threaten to go even lower than our opinion of Congress

Here’s Krugman: It’s not the whole story, but something like this threatens to develop: 1. US debt is downgraded, sparking demands for more ill-advised fiscal austerity 2. Fears that this austerity will depress the economy send stocks down 3. Politicians and pundits declare that worries about US solvency are the culprit, even though interest rates…

Market liberals

Matt Yglesias makes tons of sense with his latest foray into an ongoing debate between him and John Quiggin and others. I think Matt operates in that awkward position of being not-progressive-enough for much of the American left, and not-libertarian-enough for the libertarians. So he’s constantly defending himself from both flanks, with many libertarians nodding…

misconceptions and deregulation

Just very briefly – “deregulation” does not mean the stripping away of all rules or the desire to enter into a state of anarchy.  So when I speak of “deregulating” the health care industry, I’m mainly talking about removing rules that prevent competition and create monopoly or that are expensive but provide no real benefit. …