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« "Natural" And "Unnatural" Development: Arrighi's Adam Smith | Main | Stossel Goes All Hayek »

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From the article ...

* "Public-sector decision makers, on the other hand, don't have such strong incentives to avoid mistakes."

What the hell? During the Housing Bubble it seems several entire industries went insane and made millions of mistakes for the sake of greed and a fast buck.

Of course, you people are against all forms of regulation and in favor of all forms of greed.

Thank God that you people are as irrelevant as the libertarians.

Yea, it's unfortunate that there aren't more people like David, voting altruists into office and putting people ahead of profits.

"During the Housing Bubble it seems several entire industries went insane and made millions of mistakes for the sake of greed and a fast buck."

It's also unfortunate that there isn't an Austrian Theory which explains why lots of people make mistakes at the same time!

When will Leeson post something about his experience at the Univ of Chicago?

Constantly plugging his book is understandable, but less interesting.

So you wrote a book on Pirates that contains the secrets to everything? Awesome! So what else is new?

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