So there you have it: a theory of causation (lack of regulation) and a proposed solution (more regulation). Are we supposed to believe that in a properly and full regulated world, there would be no unexpected accidents or any regretable malfunctions?
The seemingly impressive Swedish boom will certainly be revealed as a fraud — just as the whole story of the success of the Swedish economic model is a fraud.
Taylor, and you other critics of the spontaneous outcomes of the market economy, please do us all a favor: Go read Henry Hazlitt's Economics in One Lesson.
This weekend marks the one year anniversary of China’s first step away from its more
Economist Brad Setser (Director of Research, Roubini Globa
The problem with this assumption is that it is quite impossible to construct a scale of measurement for human preferences — both for individuals and especially for groups of individuals.
Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.
Danilo Nogueira provides a brief history of the Brazilian inflation in The Language of Inflation
