bloggingheads.tv - 4/14/2009
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Megan knows the Econ 101 Lexicon better than I, but I feel the need to pick a nit here. The way she glossed "Moral Hazard" seems to me misleading. Starting it off with "if you buy insurance..." obscures the elemental part of Moral Hazard, which is that you do riskier things because someone else ...
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Are Democracy and Capitalism Compatible?
The American Scene —
Probably the living thinker (and doer) whom I admire the most (after Reihan!) is Peter Thiel. Of course, Thiel is most famous for co-founding PayPal and now being a very successful investor with a winning hedge fund and venture capital firm.
As a wantpreneur and financial amateur, I obviously admire his business record, but Thiel (a philosophy student in college) is also a tremendously smart “big issues” thinker. (By the way, why doesn’t he have a blog!)
I even read his (slightly juvenile but, like everything Thiel touches, brilliant) book The Diversity Myth. When I saw ...
Democracy and Capitalism
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I've been thinking a lot lately about the political theory of an independent central bank. A lot of the libertarians I know have deep issues with the activities of the Fed, which have been largely unaccountable to elected officials. ...
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