Here's a thought. How much of this worldwide banking crisis thing is due, not to deregulation or over-regulation¹ or regulations inadequately applied, but simply to the fact that all the movers and shakers in banking work insane hours, are either massively sleep-deprived or addicted to stimulants or both, and consequently make really stupid ( Read more... )

Rob Colvile, over at whyoftheworld, has responded to my recent post about IP law. It's a good column: go read it. I appear to have been comprehensively misunderstood (by Rob's commenters, though not by Rob himself), but hey, such is life on the Internet ( Read more... )

• ( The free market is the Hole Hawg of economics )