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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beautifulmarkets

Kierkegaard’s Parable of Two Artists

– March 27, 2019

The very existence of wealth creation should fill us with awe, respect, and endless curiosity, as well as inspire within us a desire to celebrate and protect the institutions that make markets thrive.

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MG_0319

Markets Are More Complex Than Our Brains

– March 19, 2019

When we gloss over the complexity of the real world, we end up losing far more understanding than we often realize, and end up with strangely skewed perspectives on what happened and what to do about it.

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tallbuildings

Is Capitalism Sustainable?

– March 17, 2019

At some point, the last dollar invested in honest profits is going to return less than the first dollar to be spent on cronyism. After that, the firm becomes dependent on the state.

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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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commercialmarketplace

Is Capitalism Worth Saving?

– March 14, 2019

A clear-eyed comparison of the alternatives actually available to us reveal why all the world’s developed nations use some version of capitalism. The only people who advocate socialism are those who don’t know how it actually works.

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gnosticism

Against Political Gnosticism

– March 12, 2019

Let us celebrate honesty in politics above all else, even when it preaches something brazenly wrong, such as is the case with the far left and the far right today. Sincerity and forthright telling of truth in the long run skew in the direction of freedom. It’s the Gnostics among us that confuse and confound and create social systems that do the same.

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lovehands

Love and the Market Economy

– March 10, 2019

For centuries, the whole point of commercial capitalism has been missed. It is not about material greed much less exploitation and exclusion. Its fundamental theme is love of this special sort. That is its driving energy and ethos. This love permeates every aspect of its operations. It requires love. It rewards love. It elicits love. It lives on love.

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theprodigy

How Keith Flint Demonstrated that There are No Limits to Progress

– March 5, 2019

Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.

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clockrepair

The Strange Economics of Mechanical-Clock Repair

– March 4, 2019

You are not in it for the money? That might be the source of the problem. 

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marvelous-mrs-maisel

How To Become Talented

– March 1, 2019

By the time the talent reaches our eyes and ears, the hard work is done. We see only the finished product. In our attempt to discern the difference between their level of awesome and ourselves, we reach for the easiest answer: the person must have been born this way. It just comes naturally.

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smartphones

Don’t Blame Technology, Blame Yourself

– February 27, 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.

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