Thursday, April 09, 2009

Bad ideas: open source bailouts

Here's a good idea in the wrong context. Basically, they think that bailout plans should be open source, so people can analyze them before they're enacted. It's a good idea, but for run of the mill regulation. For a bailout, making it open source would simply allow people to create rent-seeking positions, and influence public opinion towards a plan which would benefit those positions.

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