Government fail(ure)

Seriously, why the hell did we ban pseudoephedrine in New Zealand?  Has it had any impact on the “external costs of P”?

I know it has had a serious impact on me during this years flu season – given that all the alternatives suck.  And I know a lot of people who feel the same.

Dumb policy with a very obvious and high cost and pretty much no benefit.  What is this!  How does this rubbish get passed.

Links for today

In praise of clear targets for monetary policy:  Money Illusion.

Trade-off between gaining knowledge and creating knowledge, at the margin:  Worthwhile Canadian Initiative.

These are both excellent posts that I agree with.