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George W. Bush's stinky parting gift
Bush has proved himself to be a statist, protectionist ignoramus on many occasions. But this, one of his final acts in office, is simply appalling: People in the southern French district of Lozeyron are having a hard time swallowing US President George W. Bush’s parting gift: a tripling to 300 percent in import duty on ... George W. Bush's stinky parting gift
Sykuta on Bailing Out the Italians
My friend and Missouri colleague, Mike Sykuta, sent me the following insightful comments about the expected Fiat/Chrysler deal: Today’s Wall Street Journal reports that Fiat is expected to announce a new partnership with Chrysler LLC that will, in the end, result in Fiat taking control of Chrysler. So, what about that bailout of the US ... Sykuta on Bailing Out the Italians
The heart of the matter
David Evans gets to the heart of the matter: The problem that we now face involves fixing many different aspects of our financial system—from incentive systems that encouraged excessive risk taking (do we really believe bankers are innately more greedy than anyone else?), to financial engineers who didn’t think through the consequences of their innovations, ... The heart of the matter
What One Article Should Obama Read Tonight?
Imagine what must be going through President-elect Barack Obama’s head today. Tomorrow he begins what must be the most stressful job on the planet (just look at before-and-after pictures of Presidents Clinton and Bush, both of whom appeared to age decades in only eight years). He’s just come off a love-fest featuring the likes of ... What One Article Should Obama Read Tonight?
Kiesling on Sunstein, OIRA and Nudging
A post that everybody should read over at Knowledge Problem in which Lynne Kiesling moves from behavioral economics to the design of fixed price default contracts in electricity markets to a Hayekian critique of the Sunstein-Thaler libertarian paternalist program to the following closing paragraph: In devising OIRA policy I’d like to hear Sunstein invoke another ... Kiesling on Sunstein, OIRA and Nudging
Should the Supreme Court Grant Cert in Rambus (Revisited, and Cross-Posted at Patently-O)
[Rutgers Professor Michael Carrier recently posted as a guest at Patently-O arguing in favor of the FTC’s position in Rambus and the Supreme Court granting certiorari. I thought Professor Crouch might be interested in sharing with his readers a different perspective on the merits of the FTC’s petition for cert in Rambus sketched out in ... Should the Supreme Court Grant Cert in Rambus (Revisited, and Cross-Posted at Patently-O)
More (less) on the costs of stimulus
This is what I’m talking about in my last post: We can continue to debate the size and nature of the stimulus, of course, but roughly $800bn seems right and the mix of spending and tax cuts currently proposed also makes sense. Yeah, roughly $800,000,000,000, give or take a few zeros. Y’know, back of the envelope. ... More (less) on the costs of stimulus
Disgorgement and Damages in Ovation
A couple of weeks ago, I posted a blog discussing the FTC’s complaint against Ovation. One of the interesting factors of that complaint was the FTC’s decision to seek disgorgement of profits allegedly improperly gained as a result of the challenged acquisition. The FTC has only infrequently sought disgorgement in antitrust matters and it is ... Disgorgement and Damages in Ovation
Three from Brad DeLong
Yesterday I criticized Brad DeLong for, essentially, acting like a child. Today I want to draw attention to three posts from Brad DeLong–in none of which does he act like a child. The first is this post, correcting his mistaken ad hominem attack on Glen Weyl. The apology is well-taken. I only wonder where the ... Three from Brad DeLong
Some sense on stimulus
Apparently to some people, intellectual disagreements are intolerable, and those who disagree intellectually can only be the most pathetic, worthless thing on the planet: Republican hacks (of the “ethics-free” variety). I’m talking about Brad DeLong here. I mention this because I posted a comment to DeLong’s silly post (does anyone know Glen Weyl? Anyone think ... Some sense on stimulus
500!
So sometime between January 17th, 2006 and this post, I managed to accumulate 500 blog posts here at Truth on the Market. Not bad. Not quite at par with our recently-tenured David Hoffman’s 550 or so, but more than also recently tenured Bill Henderson’s 200. Of course, adjusting for quality per post puts Henderson comfortably ... 500!
What Influence Will the Section 2 Report Have? The Role of Political Ideology
There has been a great deal of speculation and discussion in this blog and around the antitrust community regarding what will happen with the DOJ Section 2 Report. Rightly so. It is a document with the potential to influence both agency monopolization enforcement decisions, international antitrust enforcement, and U.S. doctrine itself in federal court. What ... What Influence Will the Section 2 Report Have? The Role of Political Ideology
