Links for November 21, 2011: Story of Broke; MoJo mangles the market (again); Unpaid interns want money (Who doesn’t?); others….

November 19, 2011
  1. For all of its flaws, this is actually not an awful video, considering the source. Annie mostly correctly identifies government boondoggles and waste as reducing the quality of our economy. She unfortunately does not identify the correct solution. He clings to the myth of good government. If only we vote the bums out, we’ll get good government, she seems to believe. I don’t think that’s ever happened, and I don’t think it ever will. As I’ve been saying ever since the Occupy movement has been making some of its demands known: Handouts to the politically connected are not a bug, they are a feature, of government. The free market will solve these problems better than the ballot box will.

  2. Lee Doren critiques “The Story of Broke” more fully.

  3. What Sexton should worry about is the very institution the Freakonomics crew worships: the market.

    First fallacy: Misrepresent the market. The market is where people go to exchange goods and services peacefully and voluntarily. People should worry not about peaceful, voluntary exchange, but rather about forceful interference into peaceful, voluntary exchange. Read the rest of this entry »