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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teenvogue

Teen Vogue’s Naive Take on Capitalism

– October 30, 2018

If you were to take Teen Vogue’s word for it, you would think that capitalism is “exploitative and leads to a brutally divided society that tramples the working classes in favor of fattening the rich’s wallets.”

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capturepolitics

The Fallacies of the Investment Theory of Politics

– October 30, 2018

The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.

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candy

The Horrifying Cronyism of Sugar Production

– October 28, 2018

When people think about Halloween, they think about candy, children in costumes, and scary decorations. I think about all these things too, obviously, but I find myself thinking also about sugar subsidies.

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georggilderAIER

George Gilder at AIER: Life After Google (Full Video)

– October 22, 2018

George Gilder’s recent book might be his biggest seller yet, and this is after a career of rocking both the intellectual and political worlds with visionary works that have anticipated and then defined the technological and policy trends of the times. His book is Life After Google, and its focus is on the rise of decentralization in what he called the Cyrptocon. He explains why the tech giant’s business model may not work in the future and how the cryptocon will provide a replacement. 

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lighthouse

The Lighthouse Myth

– October 17, 2018

It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.

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