BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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And how much of this wonderful stuff has its origins in publicly funded research and development that is both international and intergenerational. The difficulty with your mantra of 'free markets' is precisely that it is a mantra. Markets do not exist until there are understandings and agreements on which markets can be based. Who pays for basic research and who ends up paying for misunderstandings and disagreements when they happen.
John, free markets != anarchocapitalism.
I predict that at least a quarter of the class has heard this.
Everyone knows that the biggest problem with the world today is that it is insufficiently magical.
Hence the MC Frontalot song "First World Problems." Expectations adjust quickly, and discontent arises when reality differs from current expectations, not based on a comparison of the world today against what it was on some long since past reference date.
In typing a longer version of this post, I accidentally closed the browser tab, losing everything I had typed...and I was really annoyed. (First world problem.)