Blog Review 959


The reason that capitalist do so much better than politicians do in matters economic is that capitalists have long term incentives and politicians short. Incentives do matter, after all.

Explaining Joanna Lumley's attatchment to the Gurkhas.

If we just get the prices right then we don't have to worry about doing the near impossible, proper life cycle analyses.

No, prohibition really doesn't work.

However, freeing schools from the dead hands of the unions and the State really does seem to work.

It's been a recession with a nasty banking crash thrown in, not a prelude to a second Depression.

And finally, a book recommendation.