Yearly review – 2010, 23 y.o.

13 02 2011

Too busy

6 02 2011

Too bad all the people who know how to run the country are busy driving cabs and cutting hair.

~George Burns

Wondering about blogging

4 02 2011

Question: is blogging merely a desperately self-centred exercise in narcissism? And if so, does it have to be so boring most of the time?

Recreating the incentive structure

2 02 2011

Money is indeed a powerful stimulus. (Funny as it may be, most economists are fully capable of saying “stimulus” without even the slightest thought of sex. I find this amazing). But getting back to the monetary issue. There is all too often an unhealthy tendency to think one of two oversimplified things about the market:
1. money can structure a market in such a perfect way through competition and trade, that no regulation is necessary
2. state regulation needs to interfere proactively in markets to mitigate the detrimental effects of money concentration
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