Bill is right about the role of narrow but important constituencies, and right to
use the CRA as a case in point. During drafting of the Financial Services
Modernization Act (the Gramm-Leach-Bliley bill), the Hill saw heavy lobbying on this
act. The banks see CRA as extortion by community
Armchairers -
Just FYI, a little favorable press for a regular contributor to this group.
Yesterday's Wash Post (2/19/02, p. A-13) discusses Alex Tabarrok's Entrepreneurial
Economics: Bright Ideas from the Dismal Science.
This was in the Post's regular column, The Ideas Industry, which
A few suggestions follow.
for deregulation across several industries:
Robert Crandall and Jerry Ellig, Economic Deregulation and Customer Choice (1996),
Fairfax, VA: Center for Market Processes, George Mason University. This article has
many useful references.
for airline deregulation:
Alex wrote:
I suppose one could come up with explanations for why this used to
be non-optimal but now is optimal (I await eagerly) but it seems to me
that what these and other incidents teach (such as the auctioning of
radio spectrum, for example) is that sometimes the best explanation for
