At this month’s Cato Unbound, my colleagues Alex Tabarrok and Tyler Cowen argue that the asymmetric information is disappearing. A slice:
Technological developments are giving everyone who wants it access to the very best information when it comes to product quality, worker performance, matches to friends and partners, and the nature of financial transactions, among many other areas.
These developments will have implications for how markets work, how much consumers benefit, and also economic policy and the law. As we will see, there may be some problematic sides to these new arrangements, specifically when it comes to privacy. Still, a large amount of economic regulation seems directed at a set of problems which, in large part, no longer exist.
Steve Chapman sensibly finds merit in Obama’s recent nuclear deal with Iran.
Market prices are telling people not to waste so much of a precious resource – human time – on recycling plastics. (gated)
Towson University economist Howie Baetjer explains that the ridesharing market does not need government regulation.
Richard Rahn has a mind-bending idea: the rule of law should apply to everyone, including government officials.
Here’s a description of Charles Murray’s forthcoming book, By the People: Rebuilding Liberty Without Permission.
GMU Econ doctoral candidate Abby Hall explains that the “gender wage gap” is a “myth that just won’t die.”
John Graham isn’t impressed with Obamacare’s actual results so far.