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Against Monopolydefending the right to innovate |
Monopoly corrupts. Absolute monopoly corrupts absolutely. |
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backAre the banks really TOO BIG to save? Simon Johnson writes that unless we shrink the big banks drastically, the banking system will become "Way Too Big To Save" link here. Interesting counterpoint to "Too big to fail." We are at the point where we can't afford to bail the system out again, incredible as that may seem. The issue is that the banking system is no longer just that of the US and if we save one bank, we will have to save all the others as well--and we won't have the resources to do it.
Johnson, who was International Monetary Fund's Economic Counselor (chief economist) and Director of its Research Department and now teaches at the MIT Sloan School of Management, writes a blog and a constant flow of papers, and serves on the Congressional Budget Office's Panel of Economic Advisers and as a senior fellow at the Peterson Institute for International Economics. I will not try to repeat his argument. Read the original and the two other references he includes here and here. [Posted at 03/11/2010 10:33 AM by John Bennett on Financial Crisis CommentsSubmit Comment |
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 Most Recent Comments How to extract money for using copyrighted performances The New York Times Magazine followed up on its earlier piece about The Copyright Enforcers with at 08/29/2010 04:58 PM by John Bennett
NYTimes finds more IP news but doesn't report its consumer cost Enabling people to set up contests or awards of prizes is what I hope my Contingency Market can at 08/28/2010 10:45 AM by Crosbie Fitch
NYTimes finds more IP news but doesn't report its consumer cost A couple of things can be done to encourage phamaceutical development without creating a monopoly. at 08/28/2010 08:51 AM by John Bennett
Comment Posting Announcement Justin Levine's post has comments disabled again: Paul Allen Files Patent Lawsuits Against The at 08/28/2010 03:18 AM by Crosbie Fitch
Germany Not many comments on that article. I presume that means it has a tiny audience.
Oh well, I guess at 08/27/2010 03:22 PM by Crosbie Fitch
NYTimes finds more IP news but doesn't report its consumer cost To start with, shift the cost burden of later-stage clinical trials to the FDA and at 08/27/2010 10:23 AM by Nobody Nowhere
NYTimes finds more IP news but doesn't report its consumer cost If I may ask a very simple question.
What would you do to encourage the "invention" of new and at 08/27/2010 09:15 AM by MLS
Free textbooks If you are unable to get free textbooks but need cheap college books, I recommend visiting at 08/27/2010 07:44 AM by Jay Taylor
Comment Posting Announcement Lewis Hyde's
Justin Levine has disabled at 08/23/2010 03:25 PM by Anonymous
Music without copyright Thanks for the healthy info.
rent at 08/23/2010 12:53 PM by Sue
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