Sorry, but we are not all “Keynesians.”

It is a well-known quote commenting economic policies:”We are all Keynesians right now.” It is true, at least in political arena, and even for free-market economists becoming careered politicians. Stimulus plans, aimed to substitute the lost purchasing power due to the financial crisis, are setup just within such a short time and are so roughly [...]

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Arguments for Legalizing Insider Trading

You may feel like saying, “Hey, you libertarians want to legalize everything!!” Unfortunately, that is the case. We try to counter-argue every unnecessary restriction and look forward to a world with the least government intervention.
This post comes from a brief discussion with neouto. We try to reinvent the wheels by restating arguments that you can easily find [...]

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Standards, for what and for whose interests?

After the JCEE this year, the “minimum” score requiring for entering a college fall from 18 to 7.69. The Premier of Taiwan demanded there shall be another “education reform” that we shall not tolerate the declining “quality” of high school. It is argued that the old system shall be restored. It means the original credit [...]

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Ignorance, Fear and Perceived Authority

Fear, God, and State
A stunning hypothesis from the latest Journal of Personality and Social Psychology:
High levels of support often observed for governmental and religious systems can be explained, in part, as a means of coping with the threat posed by chronically or situationally fluctuating levels of perceived personal control. Three experiments demonstrated a causal relation [...]

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讀聖賢書所為何事？

馬政府上任至今唯二對社會的貢獻：1.證明笨蛋病會傳染，2.證明什麼屁股決定什麼腦袋。

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Military Draft is an Externality

In “Toward a theory of Property Rights”, Harold Demsetz wrote,
Perhaps one of the most significant cases of externalities is the extensive use of the military draft. The taxpayer benefits by not paying the full cost of staffing the armed services. The costs which he escapes are the additional sums that would be needed to acquire [...]

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