Sunday, August 02, 2009

MALKIN AND INCENTIVES

On ABC's This Week, Malkin fretted that extending unemployment benefits would only delay the time when people got back to work. She said she wasn't making a moral judgment, just a judgment about incentives. There may be something to that but I don't see Malkin writing any columns about the perverse incentives in the financial industry and her new book doesn't cover them.

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