Blog Review 768


One way of looking at it: it's not that markets are so wonderful, but that governments are so bad.

As in this idea that we should trust all the details of our identities to such a government. Yes, they've lost data again. Lots of it. Lots and lots.

Governments also tend to not tell us the truth. Not really the truth that is.

They also always regulate for the last crisis.

Which is rather why some businesses are very keen not to be absorbed by such a government.

A response to those calling for a windfall tax: the oil companies already pay more in tax than they make in profits.

And finally, are mortgages like the porn industry?