May 30, 2008
Building Brand Equity: Mike Moffatt's Coasean Bargain

You may recall that we here at DOL get $100 from Mike Moffatt if he doesn't lose 1% of his body fat in the month of June. After careful vote-tallying, it was decided that our $100 would go to co-blogger Michael Munger's Campaign for Governor of North Carolina.

Posted by Art Carden at 09:33 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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