Technology

Saturday, June 15th, 2019

Facebook's Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.

Monday, June 10th, 2019

Crony capitalism comes in different shapes and sizes, with policies like bailouts, trade barriers, tax credits, and subsidies all benefiting certain companies at the expense of their competitors.

Tuesday, May 28th, 2019

Forcing social media sites to “disappear” or be broken up is one of the worst ways to deal with these concerns.

Tuesday, May 28th, 2019

These easy-to-assemble retail kiosks aren’t just a great example of the market’s ingenuity, they are also proof that the market provides an answer to customers’ needs, even if these needs are the product of artificial barriers imposed by the government.

Thursday, May 23rd, 2019

When companies are allowed to compete openly, without resorting to the government for special protections that keep competitors at arm’s length, some firms may even suffer as they try to adapt to better serve their customers. But in the end, it is the consumer who benefits the most as more companies means more options and more affordable prices.

Tuesday, May 21st, 2019

The firm has been in the business long enough to notice that certain users just don’t like to chat with their drivers. In order to keep these users happy (and prevent them from using another service in the future), Uber is rolling out a new “Quiet Mode” feature that gives the passenger the ability to pay more for a peaceful and undisturbed ride.

Monday, May 13th, 2019

Modern knowledge of physics clearly is not a sufficient condition for mass prosperity. If it were, Soviet citizens in the 20th century would have been just as prosperous as American and Canadian citizens.

Friday, May 3rd, 2019

Imagine the challenge of a single company to come up with the full range of music available for the tastes of every composer, from a recording studio in the same plant where the player itself is manufactured.

Friday, May 3rd, 2019

Why the voice call is like barter and the text is like modern money. 

Monday, April 29th, 2019

Private enterprise has long provided the government with efficient solutions, even if the government itself undermines private efforts by using technology ineffectively.

Thursday, April 25th, 2019

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.

Thursday, April 25th, 2019

We need a vision and set of principles to fight back against neo-Luddites and their proposals to slow or stop technological change.

Friday, April 19th, 2019

Today’s neo-Luddite tech critics suggest that we should just be content with the tools of the past and slow down the pace of technological innovation to supposedly save us from any number of dystopian futures they predict. If they succeed, it will leave us in a true dystopia.

Friday, April 12th, 2019
Does the picture of a huddled mass of homeless people outside a robotic coffee shop suggest the ruins of late-stage capitalism? I think not. It represents instead the “great deal of ruin” policymakers create when they make policy as if the laws of supply and demand are optional.
Friday, April 12th, 2019

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.

Tuesday, April 9th, 2019

If Schumpeter were alive today, he’d have two important lessons to teach us about the techlash and why we should be wary of misguided interventions into the Digital Economy.

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.

Wednesday, March 6th, 2019

Translating what is completely mindless, the federal government is ultimately persecuting Huawei for being successful.

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.