Bryan Caplan  

Perfect Post

Lucas Meets Gogol... How to Tell the Truth With Sta...

Alex Tabarrok has just written the perfect blog post. Don't miss it.

P.S. Here's my only post that's arguably in the same league.

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COMMENTS (1 to date)
Kurbla writes:

From the fact that employees had $37000/year, which is kinda twice more than average salary in that business and the fact than it appears that nobody actually tried to bring these salaries to more realistic amounts, it is almost certainly the case of the "planned inefficiency" which is frequently used as a justification for privatization. Basically, the case of stealing public money.

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