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Frederic Sautet
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Not sure what happened Mario. Nothing was deleted. Sorry about that. Try again if you have the time. Thanks.
Commented Apr 1, 2013 on Market-Destroying Institutions: Why Emergency Policies in Cyprus Embody all that is Wrong about Europe at Coordination Problem
Market-Destroying Institutions: Why Emergency Policies in Cyprus Embody all that is Wrong about Europe
~ Frederic Sautet ~ Some depositors at Cyprus’ largest bank may lose a lot of money (e.g. see article in FT). Those with deposits above €100,000 could lose 37.5 percent in tax (cash converted into bank shares), and on top of that another 22.5 percent to replenish the bank’s reserves (a “special ...
Tim, there is a lot of truth in what you are saying. However, it is not improbable in my view that a grassroots movement would develop in the U.S. to reclaim federalism. As many states have to cope with serious fiscal crisis and even the threat of default, it may come to light that federal encroachment in the decision powers of states has a lot to do with the problem. See for instance the likes of Steve Lonegan in NJ or Governor Mark Sanford in SC. But yes, the likelihood is still small at this stage.
And thanks Mario for the Hazlitt reference.
Commented Jun 6, 2009 on Is a “Federalism Amendment” to the US Constitution a good idea? at Coordination Problem
Is a “Federalism Amendment” to the US Constitution a good idea?
K.D. comments in my previous post on Randy Barnett’s idea of a “Federalism Amendment” to the U.S. Constitution (see here and here). On this subject, the work of Barry Weingast on market-preserving federalism comes immediately to mind. See also William Riker’s research, as he laid the basis on th...
Thanks Craig.
K.D. I hope there will be a grassroots movement in the U.S. reclaiming federalism and the Constitution. It is possible but for this to happen, we will need many institutional entrepreneurs.
Commented Jun 4, 2009 on Is a “Federalism Amendment” to the US Constitution a good idea? at Coordination Problem
Is a “Federalism Amendment” to the US Constitution a good idea?
K.D. comments in my previous post on Randy Barnett’s idea of a “Federalism Amendment” to the U.S. Constitution (see here and here). On this subject, the work of Barry Weingast on market-preserving federalism comes immediately to mind. See also William Riker’s research, as he laid the basis on th...
David,
In the introduction, the authors of the index acknowledge that they left out some issues because of their nature, but they have all the data on their website for anyone who wants to do the maths with other criteria.
Not sure if the index as it stands has a "culturally conservative bias", but it does a good job trying to go beyond the standard measures of economic freedoms. Moreover the authors found that the least free states in the index have experienced out-migration, which is what one would expect in a federal system.
Frederic
Commented May 28, 2009 on Austrians in New Jersey at Coordination Problem
Austrians in New Jersey
The Gubernatorial race in New Jersey is on. Steve Lonegan and Chris Christie are fighting to be selected to run for Governor on the Republican ticket. This election is going to be most interesting. New Jersey is one of the worst fiscal cases in the U.S. The Freedom in the 50 States index, publis...
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