Photo: Flickr/​​Jason Lawrence How a cab medallion system is counterproductive: it introduces artificial scarcity and distorts drivers’ incentives. Russ Roberts points out that Japan’s fuel shortages are no mystery and that the solution isn’t more regulation. Shortages are a result of price controls that keep a scare product artificially inexpensive. Some fancy CSS work by Josh […]

Some of the links I’ve collected from around the web from July 8^th to July 12^th.