smartcontracts

Smart Contracts Are All Around You

– May 7, 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.

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vermontfarmhouse

In Praise of an Ideology of Freedom

– April 29, 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.

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privateroads

We Can Build the Roads, and Other Things Too

– April 26, 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.

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Spider-Verse

The Unending Creativity of the Spider-Verse

– April 24, 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.

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policecar

How Police Often Make Roads Unsafe

– April 23, 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.

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candles

There Is No Faith Without Volition

– April 22, 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.

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Screen Shot 2019-04-08 at 11

US Charges Against Facebook Threaten Social-Media Economic Model (Video)

– April 8, 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. 

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marketfamleave

The Market Provides the Optimal Amount of Family Leave

– April 8, 2019

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

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goldenrule

The Golden Rule Requires Markets

– April 7, 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.

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lyftuber

Why Uber’s Business Model May Not Be Viable

– April 1, 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.

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hud

This Agency Might Wreck Internet Economics

– March 28, 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.

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openingup

The Year the Information Age Began

– March 16, 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.

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