crossroads

Economic Systems and the Fate of Civilization

– November 15, 2018

Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.

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metricsguy

Metrics Will Not Save the World

– November 14, 2018

Remember: numerical measures are by their very nature retrospective. Epistemologically, information derived exclusively from data analysis will by be both backward-looking and prone to the shortcomings associated with the snapshot fallacy. Which is to say: they are essentially without context.

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coalmining

There Are No Natural Resources

– November 13, 2018

Julian Simon’s most notable contribution is his demonstration that the human mind is, as he described it, “the ultimate resource.” The human mind is the ultimate resource because it, and only it, creates all of the other economically valuable inputs that we call “resources.”

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praguecitycenter

Airbnb in Trouble in Prague, Other Parts of Europe

– November 12, 2018

Despite the warnings made by many economists who urge officials to rethink putting additional restrictions on home-sharing services, residents from other European countries have also been pressuring officials to “do something” about all the prosperity the services have helped to provide.

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incredibles2digital

Incredibles 2 and the Power of Envy

– November 10, 2018

The Incredibles must discover the fortitude to push through and say no to those who want to bury talent in a thicket of mediocracy.

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financialdistrict

There Might Be a Case for Financial Intermediation

– November 7, 2018

We are probably being overly confident in claiming that the great merit of crypto is disintermediation of all things. That probably won’t happen.

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lehman

The Financial Crisis: Lessons Not Learned

– November 7, 2018

The financial crisis of 2008-9 was caused by government intervention, mainly in mortgage finance and the housing sector.

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rulesandregs

The Best Rules Are Those You Can’t Write Down

– November 5, 2018

Conventions exist when people all agree on a rule of behavior, even if no one ever said the rule out loud or wrote it down.

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joanofarc

Stop Looking for Saints and Witches

– November 5, 2018

Arguments should be judged, ultimately, by their contents rather than by the identities of their flesh and blood deliverers.

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twoparties

This Year’s Elections Are Not About Freedom

– October 31, 2018

This is a fight between two political parties and groups desiring to have control of the same governmental machinery for the purpose of planning and directing people’s economic and social affairs in one way rather than another.

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candyeconomy

No One Is Drugging Your Child’s Halloween Candy

– October 31, 2018

Contrary to popular belief, police have never documented real cases of people randomly distributing poisoned candy to children on Halloween.

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shoppingchoice

Say What You Will about Markets, They Give You a Genuine Say

– October 30, 2018

The say that you have in the market is always real and effective.

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