Economics on the web (06.06.09)

● Kevin Dowd on moral hazard and the financial crisis (pdf)

● David Friedman sets out the problems of cap and trade

● Oliver Hartwich explains why big government is not so smart

● Mark Koyama joins the fight over Adam Smith

● Razeen Sally argues that economic reform is the key to peace in Sri Lanka

● Tim Congdon and Ruth Lea discuss quantitative easing on CNBC (video)

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