Free Enterprise

Friday, May 24th, 2019

Designers did not somehow lose imagination over the last 25 years. The designs of new cars are boring because regulations forced this result.

Wednesday, May 22nd, 2019

The difference is the other-oriented atmosphere that the company promotes at all levels—from the company’s corporate leadership, to franchise owners, to managers and employees.

Wednesday, May 8th, 2019

Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.

Tuesday, May 7th, 2019

You should be able to take advantage of smart contracts in many ways, and in many situations, if you just understand smart contracts are a way of managing contingencies.

Monday, April 29th, 2019

Because free markets typically give to producers as well as to consumers strong incentives to use their unique bits of knowledge in ways that promote the general welfare, that both the knowledge problem and the incentive problem exist at all levels of government decision-making means that what is warranted is a strong and general presumption against government intervention – or, worded differently, what is warranted is an ideology of freedom.

Friday, April 26th, 2019

Roads are emphatically not public goods, and many other nations have solved the problems of road use and financing by decentralizing provision and control.

Wednesday, April 24th, 2019

So long as there are new ways to think about the conflict between someone who has been bitten by a radioactive spider, a crime lord who has lost his family, and a mad scientist with mechanical tentacles, there will be room for economic progress.

Tuesday, April 23rd, 2019

The core issue is twofold: public ownership of the roads and no stockholders/owners in charge of security services who are answerable to consumers. The result is exactly what you get from socialism: random chaos, coercion, and lack of accountability.

Monday, April 22nd, 2019

The core of all three major religions is on individual faith, independently arrived at conclusions arrived at through persuasion, and the voluntary pursuit of worship. This is something to be celebrated, along with Passover, Easter, Bara'a Night, or whatever you have voluntarily decide to believe is holy.

Monday, April 8th, 2019

The Trump administration has filed a lawsuit against Facebook with the claim that the company is guilty of redlining. At issue are the tools that allow advertisers to target ads. The problem is that this attack fundamentally threatens the economic model that makes social media work. 

Monday, April 8th, 2019

Why do some conservatives believe that family leave plan is necessary in the first place?

Sunday, April 7th, 2019

If we want to follow The real Golden Rule, and we should, we shouldn’t force people to make the exchanges they would otherwise refuse in absence of coercion.

Monday, April 1st, 2019

The sharing economy, fueled by the internet’s capacity to match small buyers and sellers, looks like a revolutionary business model. But for this model to be sustained, there must be a reliable source of long-term profits.

Thursday, March 28th, 2019

Social media companies like Facebook obviously want to comply with the law, but they would also like to stay in business. That business depends fundamentally on targeting based on some demographic grounds. If a consistent application of non-discrimination law means that advertising has to become completely random to be compliant, Internet economics will experience the fate of countless public housing units in the past: it will be completely demolished.

Saturday, March 16th, 2019

As with all innovations, we went from deprived to entitled in a relatively short period of time. The age of not knowing became the age of knowing in a few short years, all thanks to astonishing innovations in service of making the world a better (but never perfect) place.

Tuesday, March 5th, 2019

Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.

Monday, March 4th, 2019

You are not in it for the money? That might be the source of the problem. 

Friday, March 1st, 2019

By the time the talent reaches our eyes and ears, the hard work is done. We see only the finished product. In our attempt to discern the difference between their level of awesome and ourselves, we reach for the easiest answer: the person must have been born this way. It just comes naturally.

Wednesday, February 27th, 2019

Every new technology comes with an awkward stage of adoption, during which time people get manipulated and break every kind of rule of propriety until they figure out a better way.

Wednesday, February 20th, 2019

The death of Lagerfeld does not mean the certain and forever death of elegance. His death might shock us all into a new sensibility that helps us all see what he saw: if we want the world to be beautiful, we have to make it so.