Posted on 星期一, 5月 4, 2009 at 3:11 下午

Larry Ribstein: Even if there’s no problem with Friedman’s initial GS share position, the additional purchases are a different matter, particularly since Friedman never told the Fed about those purchases and never asked for a waiver. … Friedman says he bought the shares because they were “cheap.” What does that mean? In an efficient market, shares are “cheap” only if you know something. What did Friedman know? He bought shares in a bank while he was working for a branch of the agency that was running banking (not to mention the rest of the economy). Could he have known something? See here.

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排队经济学(Rationing by Waiting)

大规模的排队，如中国的春运，是学习价格理论和研究公共政策的优良范本，值得每一位对经济、舆论、政策等领域感兴趣的朋友深思。本站以明快的方式回答各种常见问题，包括：（1）回家过年是不是刚性需求；（2）车票提价有没有增加乘客负担；（3）黄牛党有没有责任；（4）垄断产业的产品涨价合理吗；（5）春运难题与铁路垄断的关系；（6）火车票低价造成的浪费在哪里；（7）应该如何有效地帮助穷人；（8）租和寻租的经济学概念；（9）关于排队的理论文献等。欢迎浏览！

科斯：我被反垄断法烦透了

科斯（Ronald H. Coase）：“我被反垄断法烦透了。假如价格涨了，法官就说是‘垄断定价’；价格跌了，就说是‘掠夺定价’；价格不变，就说是‘勾结定价’”。(Ronald Coase said he had gotten tired of anti-trust because when the prices went up the judges said it was monopoly, when the prices went down they said it was predatory pricing, and when they stayed the same they said it was tacit collusion. — Source: William Landes, “The Fire of Truth: A Remembrance of Law and Econ at Chicago”, JLE (1981)) 详见这里和这里。

布坎南：我们尚未堕落成随营的娼妓

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Ribstein: Friedman and the Geithner Rule