CERF Blog

Previously published in the Orange County Register I encountered the phrase “A well-ordered anarchist society” in Michael Huemer’s book The Problem of Political Authority. The phrase grabbed my imagination, and it hasn’t really let it go. For most of us, those words just don’t go together. Our vision of anarchy is chaotic and violent. Huemer,… Read more

Brian Caplan has a nice little model on employment markets that really does explain a lot of what we see: In equilibrium, nice employers hire the rich, and mean employers hire the poor. It makes sense: Nice employers need rich workers they can trust, and poor workers misbehave unless there’s a mean employer on their… Read more

Today’s decline in market values, and particularly in the financial sector, has to reflect more than new employment data.  I’m thinking that market participants are coming to see that the risk of at least one  sovereign debt default is higher than previously thought.  A realistic assessment of the risks and potential impacts on the Euro,… Read more