Tag Archives: marketplace

Bonfire of the Moral Assurances

Now that political and cultural commentators have started to weigh in on the economic story in a way that considers more than just the evils of income inequality, we have to deal with their prescriptions for how to handle the situation. Yes, Tom Friedman, government can help create the conditions for an eventual recovery. But what’s going on is something they can’t fix.

Podcast: Long Term Predictions

Let’s say that President Obama gets even a small part of what he promised in the SOTU. We’re talking about massive distortions in incentives and even in basic industrial efficiency – about rolling back the industrial revolution, which would be the net effect of making energy vastly more expensive and tripling taxes on driving.

The Great Change

Milton Friedman once said that when things change, the ideas which get activated are the ones which happen to be lying around. Rahm Emanuel says a time of radical change is when you can get acceptance for ideas that would never even be considered in normal times.

- March 20, 2010 -

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