Anarchy Without Bombs

Cooperation Without Coercion

More on the Mortgage Mess

Arnold Kling, an economist who used to work at Freddie Mac, is developing fantasy testimony that he hopes to deliver to Congress (and might).  Overall, I have found his writings on the topic to be the most informative on the web, and if you want to get really informed on the FMs, start with and then browse EconLog for other gems.

The most fundamental point to be made about government interventions is that, even if we ignore issues of self-interest and political corruption, markets are too complicated to be centrally managed: the problem of knowledge being decentralized, which helped earn Friedrich Hayek a Nobel Prize in Economics, shows up repeatedly in the thinking of rational anarchists.


Written by Less

October 12, 2008 at 5:07 pm

Posted in Economic freedom

Tagged with ,

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