Noticias de dinero

government largely depends on guesswork | AER

Arnold Kling with his characteristic deep insight recently described “a straw argument against libertarianism and for technocracy”. This straw argument, as Kling explains, consists of the following steps: one. Libertarianism relies on markets. 2. Markets are optimal only under perfect competition. 3. The conditions for perfect competition are rarely met. four. There are many cases