"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" limited laibility - TT's Lost in Tokyo

Block/Huebert/Kinsella revisit corporations, beg Qs of grant of limited liability towards persons involuntarily injured and resulting fight to influence state action by TokyoTom

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...

"Clear-sighted" panic; the role of the corporation in the tragedy of the commons by TokyoTom

This is my fourth follow-up post to " Grist and the tragedy of the panicked enviro ", where I try to clarify the institutional frameworks for understanding and addressing resource problems, in response to confusion in comments by others. Here...

Rot at the Core: Contaminated Kansas town begs for EPA buyout; where are owners of abandoned mines? by TokyoTom

 

 

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Rot at the core: Fed Vice Chair Don Kohn`s Senate testimony reveals the Fed’s moral hazard maximizing strategy (h/t Willem Vuiter at the FT) by TokyoTom

The March 6 Financial Times has a great piece by Willem Vuiter , professor at the LSE and former chief economist of the EBRD, that completely rips the Fed`s bailout of AIG`s credit default swap counterparties, as emblembatic of the epidemic of moral hazard...