Paul Krugman repeatedly refers to this model to justify money printing. Amazingly, though, he misunderstands his own model.
What’s Wrong with Krugman’s Baby-Sitting Co-Op Model?
The famous Keynesian economist Paul Krugman says a story about a baby-sitting co-op “changed my life”, and he argues that it’s a “story that could save the world”. From his 1998 Slate article:
The Capitol Hill co-op adopted one fairly natural solution. It issued scrip--pieces
Posted to my blog:
Ron Paul vs. Ron Paul.com: Both Are in the Wrong
As you have probably heard by now, negotiations between Ron Paul and a fan site that owns the domain name ronpaul.com has took a surprising and unfortunate turn. Naturally, Ron Paul, now retired from Congress and ready to move on to new projects, wants ronpaul.com. But the owners of ronpaul.com have a long established website and demanded a steep price to give up their domain. Negotiations have apparently
One subject we libertarian/conservative/free market types have trouble with is environmental issues. Of course, a lot of the green agenda is just nonsense, but there are real environmental problems too. Many of us don't know how to answer legitimate environmental concerns raised by the right and (mostly) left wing statists.
That's one reason I wrote this fairly comprehensive introduction to free market environmentalism: Liberty and Environmentalism: A Reconciliation.
Here's my pro-liberty, pro-market take on NASA and space exploration. Click the title to read the full article.
Share it with as many as you wish. Critiques are welcome, btw.
With the Space Shuttle recently retiring from its thirty year career, it’s as good of a time as ever to explore the enticing opportunity that a free market can provide us in space travel and exploration.
Here's the next in a series of articles designed to explain our ideas and hopefully recruit more people to our side. I hope it (also on my blog) will be useful. Share it with as many as you wish.
Critiques are welcome, btw.
One can hardly avoid the phrase free market (free enterprise, capitalism, etc.) in discussions of economics or politics. Regrettably, the term is used carelessly to describe a myriad of