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The economy, bubbles, and the tragedy of the commons
neoneocon.com - 2/19/2009
The economy, bubbles, and the tragedy of the commons
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The current economic crisis exhibits characteristics that illustrate the tragedy of the commons : “The Tragedy of the Commons” is an influential article written by Garrett Hardin and first published in the journal Science in 1968. The article describes a dilemma in which multiple ...

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Maggie's Farm:  An inconvenient truth: How the US gummint created the sub-prime market at gunpoint

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An inconvenient truth: How the US gummint created the sub-prime market at gunpoint
Maggie's Farm — Sowell: How government legal threats created the sub-prime mortgage market. Naturally, they didn't want to hold on to that junk, so they packaged it and sold it. Totally logical. Willing buyers. If you think there aren't people out there who want to buy junk, just check out eBay some time. Caveat emptor. Ed. notes: Related from neoneo: Bubbles and the Tragedy of The Commons Related from Dino: Grifters get a second chance

An inconvenient truth
Maggie's Farm — Sowell: How government legal threats created the sub-prime mortgage market. Naturally, they didn't want to hold on to that junk, so they packaged it and sold it. Totally logical. Willing buyers. If you think there aren't people out there who want to buy junk, just check out eBay some time. Caveat emptor. Ed. note: Related from neoneo: Bubbles and the Tragedy of The Commons

An inconvenient truth: How gummint created the sub-prime market
Maggie's Farm — Sowell: How government legal threats created the sub-prime mortgage market. Naturally, they didn't want to hold on to that junk, so they packaged it and sold it. Totally logical. Willing buyers. If you think there aren't people out there who want to buy junk, just check out eBay some time. Caveat emptor. Ed. note: Related from neoneo: Bubbles and the Tragedy of The Commons

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