In no little haste this morning (I worked 8 hours on/8 off/8 on Sunday and Monday, a trick that takes an increasingly greater toll, especially since I'm still getting over the flu; came home last night, ate a snack and sailed off to dreamland, debarking with utmost reluctance this a.m.), so it's a linky morning -- and something worth linking to: Markets Fail. That's Why We Need Markets. Complete with a thumbnail sketch of rent-seeking, why it is bad and the role of governments in enabling same, plus the skinny on the useful service markets provide in letting notions that don't work fail before they become too large.
It may be just horse sense to you and me...but the readin' public has yet to internalize it. And good luck tryin' to hammer the least glimpse of it into most congressthing's skulls, even with the very finest hammer.
T. R. MCELROY'S STREAMLINED TELEGRAPH KEYS
9 months ago