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Wednesday Lazy Linking

There’s the part where you say it, and there’s the part where you take it back…

From the Wall Street Journal (16 May 2011).

Gingrich Blasts House GOP’s Medicare Plan

White House hopeful Newt Gingrich called the House Republican plan for Medicare[1] right-wing social engineering, injecting a discordant GOP voice into the party’s efforts to reshape both entitlements and the broader budget debate.

In the same interview Sunday, on NBC’s Meet the Press, Mr. Gingrich backed a requirement that all Americans buy health insurance….

— Laura Eckler, Gingrich Blasts House GOP’s Medicare Plan in the Wall Street Journal, 16 May 2011

Just a reminder: There’s No Right Way to Manage a Subsidy. And no right way to manage a captive market, either.

  1. [1][Phasing out Medicare over the next 10 years in favor of a government subsidy for retirees to buy special government-regulated corporate health insurance plans for old people. –R.G.]

Monday Lazy Linking

Investors Anonymous

A Knowledge Problem with Insider Trading Law. Brian Doherty: Reason Magazine articles and blog posts. (2011-05-16):

Reihan Salam at The Daily is of course glad hedge fund villain Raj Rajaratnam was convicted for insider trading, blah blah, but spells out one of the perverse results of keeping those who know the most about companies (theoretically) from helping spread that knowledge and help bake it into the…

How the regulatory arm of the Money Monopoly — in order to “protect” small investors from predatory insiders, natch — ends up encouraging, nay demanding, faceless corporations with governance alienated from the enterprise and unaccountable to investors.

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