Cities Offloading Public Property
The enthusiasm for imperious government impositions at the level of cities and states has waned dramatically. Governments are out of money. More importantly, they are out of ideas. All the most exciting innovations of our time come from the private sector and the brilliant process of market competition. With stretched budgets and a dearth of new ideas, government has nothing to lose by just selling assets lot by lot.
READ MORE
Smart Contracts Provide an Alternative to Legal Enforcement
This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.
READ MORERent-Seeking as a Threat to Modern Capitalism
What is the best way to ensure fairness and free competition in our economy? Many people believe that a large government that actively regulates the private sector will prevent large corporations from achieving undue market power. But this view ignores the concept of rent-seeking.
READ MORE
