sweatshop

What Does “Voluntary” Actually Mean?

– June 25, 2019

If you shut down sweatshops because you think people shouldn’t have to work in such bad conditions, are you really helping the poor folks who work there?

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overtime

Incredibly, that Overtime Regulation Is Back

– June 14, 2019

The administration’s lack of principles opens wide the door for the Democrats in Congress not only to introduce an overtime bill that goes far beyond the Trump rule but also beyond even the Obama ceiling. And as expected, they just jump at the chance to do just that.

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Elton-John

Elton John’s Soundtrack to Half a Century

– June 12, 2019

It’s a rare artist who elicits the kind of widespread emotional homage that Elton John is receiving right now, hopefully, many years before his career is really over.

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virtualreality

The Future of Public Goods

– June 6, 2019

Non-excludability is really just a technological problem, because the ability to charge and withhold access is beyond our reach, at least at reasonable cost. But that’s changing, fast.

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MG_0604

The Real Issue in Tech Antitrust: Where’s the Harm?

– June 4, 2019

No matter one’s opinions on antitrust and big business, arguing that the big tech companies’ primary impact on our economy and lives has been anything but positive and even revolutionary is difficult.

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dadandkidshopping

The Market Is a Vast Network of Benevolence

– June 2, 2019

Countless minds and countless hands have contributed to the slow march of civilization and helped to create a modern world (one fraught with problems, which I don’t minimize) in which I can perform innumerable operations closed off to previous generations without thinking about them.

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studebaker

Design Regulations Helped Ruin American Cars

– May 24, 2019

Designers did not somehow lose imagination over the last 25 years. The designs of new cars are boring because regulations forced this result.

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closetstuff

Everything You Have Is Worthless

– May 23, 2019

Whether you keep your stuff or not is up to you. But it is not up to you what price your stuff will elicit on the open marketplace.

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robotfixer

Markets Specialize in Finding and Fixing Failure

– May 15, 2019

When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.

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casinoracket

Yes, the System is “Rigged”—the Question is How

– May 8, 2019

Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.

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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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