Something Fishy

It’s pretty clear, to anyone who will look, that the recent turmoil in the economy is due to over involvement by government in markets. Of course, the politicos think the opposite and there is plenty of talk about “market failure”. The reality appears to be government failure over 30 years in the making. But this is being so widely documented on the Web that I don’t need to chime in.

Instead, I’ll draw your attention to this: a problem of huge complexity which governments worldwide have been unable to solve appears to have a solution based on sound economics. It’s all about fish.

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