Information is stimulus, confusion is contraction.
posted by kliuless on Oct 18, 2009 - 15 comments

A philosophy professor takes on the financial system. Or perhaps that should read - a philosophy professor's take on the financial system. Daniel Cloud, teacher of philosophy at Princeton University and a founding partner in two hedge funds, makes the case in a recent opinion piece that "... complicated explanations about derivatives, regulatory failure, and so on are beside the point. ... The truth is that ... models are most useful when they are little known or not universally believed. They progressively lose their predictive value as we all accept and begin to bet on them."
posted by woodblock100 on Apr 1, 2009 - 28 comments

Why are American voters reluctant to support free market policies when professional economists have achieved near-consensus? Bryan Caplan of the Cato Institute investigates. (pdf)
posted by stammer on Jun 1, 2007 - 71 comments

Fair Price Energy. One persons idea for a free market solution to the fossil fuel problem.
posted by stbalbach on Sep 2, 2006 - 46 comments

The Tuna Court: Law and Norms in the World's Premier Fish Market. [more inside]
posted by monju_bosatsu on Jun 2, 2006 - 20 comments

California Blackouts Inevitable says the U.S. Govt Energy Secretary. He is against price caps. It seems there is a lack of understanding on his part to grasp a *public good* that benefits all. Having a few producers control a market with a high cost for competitors to enter the market to form true competition screams for some control. Particularly for a commodity that business and people a like use to drive the overall economy. Since the economy is in such great shape maybe we don't need these controls [sic].
posted by vanderwal on Mar 16, 2001 - 9 comments