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What I’m Reading — December 23rd
48 days ago
by Nathaniel Ward
Richard Epstein: Harry Reid Turns Insurance Into a Public Utility. "The argument seems to be that price controls alone can force out the waste and inefficiency that are posited to be the hallmark of private markets. By this twisted logic, rent control is the perfect path to efficient competitive mar ...
Nathaniel Ward - nathanielward.net · Rank: 182,874
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The Command Economy
48 days ago
by Charles Goyette
America is transforming itself, without forethought, debate, or pause, into a command economy. A command economy is a top-down, state-controlled economy directed by planners and bureaucrats, boards and bodies, administrators and authorities. A command economy is not characterized by mutuality of int ...
Whiskey & Gunpowder - whiskeyandgunpowder.com · Rank: 3,182 · 131 references
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Sixty percent
65 days ago
by Reticulator
Jason Zweig has an article in the WSJ “Intelligent Investor” section in which he says that sixty percent isn’t much better than a coin flip. He needs to learn some probability and statistics. You can make good money with odds like that, especially if you get hundreds of coin flips. The article is ab ...
The Reticulator - reticulator.com · Rank: 85,093 · 11 references
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Which Way?
68 days ago
by wintercow20
Here’s another twisty pretzel anti-market zealots get themselves caught in. Many “progressives” are ardent supporters of anti-trust policy. One part of anti-trust policy is that firms can be doing a “bad thing” by offering prices to the consumers that are “too low.” You read that correctly. So not o ...
The Unbroken Window - theunbrokenwindow.com · Rank: 61,826 · 18 references
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