Peter Gallagher

meta-creation_date: 3 Novem­ber, 2003
An “essay(link to Arnold Kling’s site)”:http://arnoldkling.com/~arnoldsk/aimst5/powell.html on reg­u­la­tion, com­pe­ti­tion and mar­ket infor­ma­tion by Arnold Kling that is a won­der­ful exam­ple of its kind. It’s brief, cur­rent and clar­i­fies some­thing that—although you may have lit­tle per­sonal inter­est in US telecomms regulation—crystalizes notions you’ve some­times enter­tained, but hadn’t artic­u­lated quite as well. An essay that expands your eco­nomic vocab­u­lary. My one quib­ble: Kling calls Bush ‘mis-underestimated’. Does he mean that Bush should be more accu­rately under­es­ti­mated? If so, I’m ready. Let’s hear it. Update: Ok. My Amer­i­can vocab­u­lary is obvi­ously pretty lousy. See AK’s expla­na­tion in the comment.