Monthly Archives: April 2011

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

Posted on April 16, 2011 by Jeff

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

Posted on April 12, 2011 by Jeff

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?

Posted on April 10, 2011 by Jeff

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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