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Malachy McDermott

Malachy McDermott has a degree in economics from University College, Dublin in Ireland.

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Deregulate the Policing Market

02/23/2021Power & Market

Government police in the UK are deeply concerned about dog napping even as only 7.8 percent of reported crimes end in a conviction. Apparently, the monopolist police need more time to concentrate on real crime. Private police could surely handle the rest. 

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How Markets Turn Lousy Products into Great Ones

CoordinationThe EntrepreneurValue and Exchange

02/16/2021Mises Media
Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.
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How Markets Turn Lousy Products into Great Ones

CoordinationThe EntrepreneurValue and Exchange

Blog02/09/2021

Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.

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The ECB Is Playing a Dangerous Game with "Collective Action Clauses" on Bonds

Central BanksFinancial MarketsGlobal Economy

Blog01/29/2021

The ECB is now turning to a new mechanism by which a bond’s value can be legally reduced by the issuer in times of hardship. The purpose is to allow central banks and governments new ways of ripping off the private sector. 

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5 Ways a Wealth Tax Is At Least as Bad as an Income Tax

Taxes and Spending

Blog11/29/2018

As the wage-earning population grows smaller as a proportion of the population, get ready for calls for "wealth taxes" which can keep the taxes coming in even as total wage incomes fall.

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