Mark Thornton on Economists and the Drug War
Economists are often skeptical of drug laws, favoring alternatives like legalization, decriminalization, or a combination of legalization and high taxation, to discourage use. (In an essay titled “Prohibition vs.
Projecting Projection: Paul Krugman
Paul Krugman, an official ranter at a blog hosted at the New York Times, recently wrote a hilarious column on (what he calls) libertarians. As usual, it is not very clear what Krugman is actually talking about, but some of the statements are spot on. At least if we take a step back to look at what Krugman seems to really be saying. It is quite insightful. The column at first appears to be about some kind of surge in libertarianism within the republican party.
Malaysian Airlines Opts for (Complete) State Ownership
Beleaguered Malaysian Airlines is opting for a government buyout in the wake of recent disasters. The company is already 69% state-owned, but a new deal will allow the Malaysian government to acquire the remaining shares, completing the nationalization.