Relevant and even prescient commentary on news, politics and the economy.

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Koufax

It’s not an award, but it is greatly appreciated. Announcing this year’s Koufax winners, Dwight writes Hosting the awards allows us to serve as conduits for the opinions of many,…

Private and public feedback and function discussion

…out of business and just gets bigger. 2. Private market functions have inefficient times called market failures but pricing weeds out winners and losers continuously as they serve buying preferences…

…good thing: while there are winners and losers, the net benefits invariably outweigh the costs so the losers can be compensated and there will still be money remaining. That argument…