[Update: I copy at bottom a follow-up exchange I had on Bob`s thread with another reader - radio silence from Bob.] Bob Murphy has a new post up at his blog, " CBO Testimony Misleads on Cost of Cap-and-Trade ", that draws attention to a new blog post at the Institute of Energy Research that...
I left the following comment at a recent Mises Blog post by Stephan Kinsella , but the number of links included apparently triggered the spam filter and held up the comment. According, I post it here, so I can re-comment with a cross-link here. Stephan, we have extensively discussed this matter previously...
William Anderson (an adjunct scholar of the Mises Institute and economics prof. at Frostburg State University) has a thoughtful New Year's Day post , pointing out how Paul Krugman fails to understand the causes of ouir economic stagnation and financial meltdown. I posted the following comment , in...
Posted to
TT's Lost in Tokyo
by
TokyoTom
on
Sun, Jan 4 2009
Filed under:
Filed under: rent-seeking, enviros, yandle, Block, statism, Krugman, William Anderson, limited liability, Michael Lewis, Meiners
In my recent post on limited liability , I argued that one of the perverse consequences of limiting shareholder responsibility for corporate torts was to create the moral hazard by which investors could capture the upside of risky activities that imposed costs on others, without having to worry about...
[Update: Items 2 & 3 revised and an item 4 added.] J.H. Huebert and Walter Block have posted a critique of Roderick Long 's recent Cato essay . Allow me to make a few comments: 1. Huebert and Long argue that "There Is No Such Thing as Corporate Power", stating that: "Long writes...