Assorted Links (12/8/2009)

Here’s a list of articles that I have been reading today (organized by topic):

Economics and Public Policy

  • An Empire at Risk, by Niall Ferguson

“We won the cold war and weathered 9/11. But now economic weakness is endangering our global power.”

Finance

  • Fama Lecture: Masters of Finance

“From the American Finance Association’s “Masters in Finance” video series, Eugene F. Fama presents a brief history of the efficient market theory. The lecture was recorded at the University of Chicago in October 2008 with an introduction by John Cochrane.”

Foreign Policy

“We shall fight in the air, we shall fight on the landing grounds, we shall fight in the fields, we shall fight in the hills — for 18 months. Then we start packing for home.”

Game Theory

Health Care Reform

“The United States has the best health care in the world — but because of its inefficiencies, also the most expensive. The fundamental problem with the 2,074-page Senate health-care bill (as with its 2,014-page House counterpart) is that it wildly compounds the complexity by adding hundreds of new provisions, regulations, mandates, committees and other arbitrary bureaucratic inventions.”

Politics

“Rule by the best and the brightest.”

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