CEI Today: Bloomberg foam cup ban, Cyprus bail-in, and hating on capitalists
GREEN TYRANNY - ANGELA LOGOMASINI
Nanny-state warrior New York Mayor Michael R. Bloomberg is now planning a citywide ban on plastic-foam food packaging, including takeout boxes, cups and trays. But, Bloomberg is wrong about plastic foam. Angela Logomasini of the Competitive Enterprise Institute argues plastic foam is cleaner, cheaper and more efficient than paper.
CYBRUS BAILOUT/BAIL-IN - MATTHEW MELCHIORRE
In the wake of the bailout/half bail-in that is the Cyprus rescue package, Eurogroup chairman Jeroen Dijsselbloem said last week the EU is now "going down the bail-in track."
He later clarified his remarks to say Cyprus is a "specific case." But despite his caution, the developments signal a welcome change from the EU's handling of the euro-crisis so far, in which the Union turned itself into a piggy bank for insolvent banks and governments.
HATING ON CAPITALISTS - FRED L. SMITH, JR.
Traditional economists have done much to publicize the “failures” of private markets, like pollution, inadequate provision of public goods, or collective action difficulties. While in the political world, many public choice economists present an equally pessimistic view of business practices.
[This] leaves business little to respect about itself in either world. > View the full commentary