October 2014

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« Bill Easterly and NYU's Development Research Institute (DRI) Wins Frontier of Knowledge Award | Main | The Great Recalculation Visualized »

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Nice job, Pete - some of the comments are hilarious. (One even accused you of journalism!)

Prof Leeson,

I enjoyed the paper a great deal, but I have to admit that I was disappointed to learn that "getting medieval on [one's] a**" involves neither blow torches nor pliars, but rather insufficiently heated coals, lukewarm boiling water, and rigged state-fair-like dunk-tanks.

-jb

Either she's a witch or everyone gets duck soup. Both possible outcomes are desirable. That's what I call institution design.

So if medieval "justice" was a bootstrap equilibrium, i.e. worked through self-validating beliefs, does this imply that the same could be true of a Keynesian macroeconomic "stimulus" program? Discuss.

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