Monday, January 12, 2026

The Moral Hazard of Limited Liability

Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.

Is the Soil an “Ecosystem Service” That Can Be Priced?

The entire ecosystem services project is flawed, because only the use values of services so small as to be toys can be priced.

Links 8/1/2021

Pfizer Court Fight Could Legalize Medicare Copays and Unleash ‘Gold Rush’ in Sales

Pfizer wants to legalize kickbacks.

Links 7/31/2021

Confessions of a New York Times Washington Correspondent – Bob Smith Pt 2/2

Bob Smith got the Watergate break-in leak before the Washington Post. But the New York Times, then as now, avoids tough political stories.

Congress Moves to Reclaim Its War Powers

Congress has roused itself from its stupor over our undeclared, or more accurately, unapproved wars. But will much change?

2:00PM Water Cooler 7/30/2021

~ Today’s (Friday’s) Water Cooler ~

Is the UK Back in Lockdown?

Another theory about the apparent decline in UK Covid cases right after Freedom Day.

Links 7/30/2021

Hoisted from Comments: What Climate Change Reformers Get Wrong

Climate change activists too often wind up bypassing core issues. Here are a couple of them.

Industrial Policy Coming Into Vogue After China Cleans US Clock by Using It

Industrial policy is an idea whose time has arrived in DC. Too bad the thinking seems stuck in the fad-chashing phase.

Fed Up With Democrats, Thousands March to Demand Medicare for All

More voters recognize that the Democrats will do squat about expanded health coverage like Medicare for All unless they feel some heat

2:00PM Water Cooler 7/29/2021

~ Today’s Water Cooler ~

A 20-Foot Sea Wall Won’t Save Miami – But Living Structures Can

How to rescue Miami…and other coastal cities that will otherwise be largely under water.