EconLog

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Issues and insights in economics by Arnold Kling, Bryan Caplan, and David Henderson

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Recent blog post

  1. PBR, once again, by Arnold Kling

    Kyle writes , Kling's line is very simple: 1. Ideal regulatory systems can be modeled as games. 2. Regulators *try* to solve problem by creating regulations. 3. The regulated participants *try* to circumvent regulations by following the letter of the law,...

    9 hours ago

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