Given the drop in savings rate, I suspect these loans aren't made so much with our money as they are with freshly printed money churned out by the Federal Reserve. When the whole shit show collapses again and the douche-canoe politicians bail out their good buddies, it will be tacked onto the national debt. Maybe, in the end, it is our grandkid's money that they are speculating with.
last edited: Thu, 05 Apr 2018 20:25:27 -0400
Elizabeth Anderson on Worker Rights and Private Government | EconTalk | Library of Economics and Liberty
Philosopher Elizabeth Anderson of the University of Michigan and author of Private Government talks about her book with EconTalk host Russ Roberts. Anderson argues that employers have excessive power over employees that we would never accept from government authority. Topics discussed include the role of competition in potentially mitigating employer control, whether some worker rights should be inviolate, potential measures for empowering employees, and the costs and benefits over time of a relatively unregulated labor market.
A whimsical animated short film based on Russ Roberts's poem about emergent order and the supply of bread. For more information and resources related to the ideas in this film, visit http://www.wonderfulloaf.org.
For further discussion:
Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order | EconTalk | Library of Economics and Liberty
Why is it that people in large cities like Paris or New York City people sleep peacefully, unworried about whether there will be enough bread or other necessities available for purchase the next morning? No one is in charge--no bread czar. No flour czar. And yet it seems to work remarkably well. Don Boudreaux of George Mason University and Michael Munger of Duke University join EconTalk host Russ Roberts to discuss emergent order and markets. The conversation includes a reading of Roberts's poem, "It's a Wonderful Loaf."