Wednesday, June 29, 2011

Recommended reading

  • Gipper watch: A statue of Ronald Reagan was unveiled today in Budapest, Hungary. Meanwhile, new claims are being made that none other than John Lennon was a closet Reagan fan.
  • Ramesh Ponnuru identifies what unions really hate: competition.
  • Mark Perry introduces us to the iron law of intervention: If you want to make a problem worse, pass a law to fix it. While numerous examples bear this out -- drugs, rent control, minimum wage -- I would modify this to apply only to voluntary transactions. Laws targeting pollution for example, which involves a non-voluntary transaction (how many people agree to have their air or drinking water polluted?), can achieve their desired effect.

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