An article by Bethany McLean from last October.

While for a short period in the aftermath of Enron, we did understand that short-sellers serve a good purpose, we have also forgotten that. Short-sellers were the first to warn there were problems at Enron.

Sadly, this is also true:

Which leads to the most sobering repeat lesson of all. Most of the believers in the free market only believe in it when it is going their way. When it doesn’t, it’s someone else’s fault.

Is more regulation the answer? No. (BTW the Iceland article linked at the bottom of that post was very interesting as well).

Charles Murray on The Happiness of the People.

Finally, lots of other blogs are linking to a recent speech by Daniel Hannan. Might as well join them.