Monthly Archives: April 2011

Powerful because of wealth versus Powerful because of influence. I’ll take the former.

Hayek in the Road to Serfdom makes the point that in a socialist economy the only way to advance is through successfully lobbying the government so that your group is accorded greater privileges. If you have the misfortune to belong … Continue reading

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Unintended Consequences to the max

I have several posts on unintended consequences of government policies, starting with one on November 27, 2010. (Click the Unintended Consequences category to see them all.) I just ran across a book that focuses exclusively on this topic and makes … Continue reading

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Electronic Currency (e.g., BitCoin) – An End Run Around the Fed?

When I first heard the position that the federal government should get out of the business of providing a currency I thought it sounded like the authors were not quite as connected with reality as one would hope. However, I … Continue reading

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