Economics Just Lost Two Giants
“These thinkers are united by their devotion to understanding the institutions which underpin free and flourishing societies. They both understood that society’s “rules of the game” structure the incentives that economic actors face and downstream of these incentives lie the economic outcomes—for better or for worse.” ~ Caleb Fuller
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Could Kim Kardashian West Help Silk Road’s Ross Ulbricht?
If West could, if just for a moment, take a look at his case, would she consider helping?
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NYC’s Building-Emissions Bill Will Hurt the City’s Economy
Rep. Alexandria Ocasio-Cortez’s Green New Deal may have died in the Senate after a 0-57 vote that blocked the resolution, but in New York City, one of the deal’s main proposals has found a new home.
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Uber’s New Feature: A Response to Fake-Driver Epidemic
If we truly had a fully free market economy, this type of reaction would always be the norm. It is when crony capitalism reigns supreme that we have instances of companies knowingly pushing products that hurt consumers — with the support and blessing of the government.
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Thanks to Social Media, Millennials Are Revamping the Beauty Industry
One of the most groundbreaking characteristics of social media is that it connects consumers and entrepreneurs directly, giving businesses the opportunity to better understand and serve their clientele.
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Crony Capitalism Threatens Airbnb in South Africa
When more competitors enter the market, it simply gives consumers more options. That doesn’t necessarily mean that established firms will disappear; it only means that they will have to adapt to meet customers’ demands so they can better compete with the newcomers.
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Millennials Struggle to Enter Middle Class — What Government Has to Do With It
As millennials struggle to pay off their debt, buying a home and building a family both become a distant dream. Thankfully, we can use data provided by the OECD to urge others to look at the student-loan crisis from a different perspective. Perhaps in time, more will realize that our reliance on the state is why we’re in trouble.
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Private Enterprise — Not Government — Will Save Notre Dame
As we see in the aftermath of this tragedy, it is private citizens like them who truly care, while governments such as Macron’s will often leave publicly owned monuments on the verge of abandonment. It is only when major incidents like this happen that we truly appreciate private ownership.
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Kardashian West to Become Lawyer to Do More for Criminal Justice Reform
In recent decades, many states began to look at criminal-justice reform to fix their own systems. With overcrowded prisons burning through taxpayer cash, many state lawmakers sought to pass reforms to help keep nonviolent prisoners from being thrown in jail for life. Unfortunately, not of all of these reforms went far enough, as drug-related offenses remain on the books.
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Zuckerberg Wants to Regulate the Internet. Here’s Why.
Government regulation isn’t just bad because it ignores the unintended consequences that restrictions produce over time. Regulation is also bad because it invites cronyism.
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London’s Uber, Cab Drivers Get the Yellow Vests’ Bug, Rail Against Fossil Fuel Taxes
Also known as the yellow-vests movement, the gilets jaunes movement in France gets a lot of hate from the left-leaning media. To critics, climate change requires government action, and if that means the working class will have to endure more poverty and misery, that’s just how it is.
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Europe Wants to Keep Continent in the Technological Dark Ages
Whether governments are going after scooters, targeting Google for selling advertising space, or limiting consumers’ data access, it seems that not even Europeans’ eroding trust in government is enough to get them to rally against stifling innovation. Still, tech fights on.
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