alex tabarrok makes a nice argument for nastiness. his discussion is about central bank policies but he restates his point this way: "If you are kidnapped who do you want in charge of the negotiations, your loving wife or your nasty ex-wife? Easy, right? But suppose that the kidnappers know in advance who will be in charge of the negotiations - now who do you want? See? Sometimes, nasty people do good things."
October 12, 2004 11:39 AMCategories: economics
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