Thursday, January 22, 2009

 

Tyler Cowen, a Sensible Central Planner

I know, I know, I'm just beating up on the guy all the time because I have impossibly high standards for my libertarian economists. I suppose the following is actually a responsible plea to limit Big Government:
Here is my guest post on bank nationalization. I could have stressed further that bank nationalization works best in small countries with a small number of banks. The more banks a country has, the greater the danger that nationalizing a few of them will make the rest much harder to recapitalize, thereby leading to a kind of contagious need for nationalization.

# posted by Bob Murphy @ 9:53 PM


Comments:
You are right to stay tough on central-planning libertarians. Look what Alan Greenspan became!
# posted by Blogger Erick : January 22, 2009 at 11:06 PM
 
exactly... I feel bad for the banks who won't get 'recapitalized'
# posted by Blogger zdk : January 23, 2009 at 12:55 AM
 
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