The Three-ring Anti-corruption Circus in in Town

As some of you may have noticed, I have been away. That is why this blog has been dormant. Oh I have not been physically absent. I was only mentally away, taking a break to learn some economics. I was teaching a couple of courses for the Summer term at UC Berkeley. I am sure that teaching is the most rigorous and effective way to learn something. It is impossible to teach the fundamentals without coming away with a renewed appreciation and understanding of what really matters. What did I re-learn this time around? Lots of very interesting stuff, but one thing stands out.
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