Sunday, November 22, 2015

Economics Sundays 1: TANSTAAFM

The title acronym is shamelessly stolen from Robert A. Heinlein; his aphorism was that There Ain't No Such Thing As A Free Lunch, but it's just as true that There Ain't No Such Thing As A Free Market. All markets are unfree, and what we have to decide is how regulated they ought to be.