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Robert P. Murphy

Lessons From Solyndra

Robert P. Murphy

By now, pretty much everyone knows that Solyndra was a bad investment. But is that all it was? Economist Robert Murphy says no. Even had Solyndra worked out, he says, the government's use of our money to invest in Solyndra still would have misallocated resources. Moreover, writes Murphy, governments simply don't have the information they need to make good investments. READ MORE
Anthony de Jasay
FEATURED COLUMN

REFLECTIONS FROM EUROPE

Is S&P a WMD?

Anthony de Jasay
"Is Standard & Poor, the venerable debt rating agency, a weapon of mass destruction reminiscent of the pre-Iraq war of George W. Bush and, like that phantom WMD, perhaps a merely imagined one? The answer is not easy to call, and has some relevance to how we should evaluate the strident demands for more and more regulation to correct alleged market failures...." READ MORE