Tweet [1]
George Selgin explores alternatives for reforming last-resort lending [2]. A slice:
I hasten to add that I regard any need for last-resort lending as reflecting, not the inherent shortcomings of private financial markets, but the debilitating effects of misguided regulatory interference [3] with the free development of those markets. Some of the least regulated banking systems of the past, including systems that lacked central banks, were also famously crisis-free [4], or close to it [5].
Elaine Schwartz looks at economic inequality from different angles [7].
David Friedman concludes that most people are nice [8].
David Bier points to evidence that Latinos’ support for liberty defies the stereotype [9].
California is the scene of a victorious battle in the war against civil asset forfeiture [10].
My GMU Econ colleague Mark Koyama challenges – very effectively and eloquently – historian Peter Brown’s account of the fall of the western Roman empire [11]. (HT Tyler Cowen)