Saved by Riley Crane
Kludgeocracy in America
But generally, the move from government provision of housing, food, and jobs programs to this network of semiprivate organizations introduced perverse incentives into life-sustaining institutions. The result has been a wealth transfer of public money to boards of directors staffed largely by local elites that are more likely to be responsive to rea
... See moreDavid A. Banks • The City Authentic: How the Attention Economy Builds Urban America
One question is whether we should worry even more about public choice architects than private choice architects. Maybe so, but we worry about both. On the face of it, it is odd to say that the public architects are always more dangerous than the private ones. After all, managers in the public sector have to answer to voters, and managers in the pri
... See moreRichard H. Thaler • Nudge: Improving Decisions About Health, Wealth, and Happiness: Improving Decisions About Health, Wealth and Happiness
This pressure will find support among many American businesses. As competition intensifies and globalizes, the importance of political connections increases, and foreign competitors are at a natural disadvantage in lobbying efforts. Already, businesses that are closer to the government have suffered less than others from foreign competition. In fac
... See moreLuigi Zingales • A Capitalism for the People: Recapturing the Lost Genius of American Prosperity
As we move from the 1950s to the 1970s and then to 2008, we notice a problem. A perfectly good idea morphed into another good idea, spread beyond housing, and then culminated in uncontrolled insanity. By 2008, no one, including the management of Fannie Mae and Freddie Mac or the Department of Housing and Urban Development, had any idea of the fragi
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