ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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He would be a good blogger.
The illusion that the companies were doing virtuous work made it impossible to build a political case for serious regulation.
Ah, this is a rich sentence. Because not only is it impossible to seriously regulate them, it's impossible to not unseriously regulate them! This goes back to at least Jack Kemp in Bush Sr.'s HUD who enunciated the vision of home owenership and sought to privatize some public housing projects by selling units to tenants. It could not happen without lender participation. But then witness Congress through the 90s wanting to make credit available all the way down the ladder but doing nothing substantive to effect that. Lay out the vision and a threat. Unserious regulation indeed.
When you stray into the concept of stakeholders, lots of people show up with their stakes. That's the big problem I have with creative capitalism.
Yes - great stuff.
The problem, as so often, is a failure to examine the incentives generated by a proposal.
Creative Capitalism is embarrassing nonsense - quite clearly a retrograde step: a de-differentiation; a reduction in complexity; a reassertion of politics over the economy; a merger of functions which will inevitably serve to limit societal efficiency.
I can see it. But I can't read it in that font size.