What Does “Voluntary” Actually Mean?
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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Incredibly, that Overtime Regulation Is Back
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’s Soundtrack to Half a Century
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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The Future of Public Goods
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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The Real Issue in Tech Antitrust: Where’s the Harm?
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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The Market Is a Vast Network of Benevolence
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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Design Regulations Helped Ruin American Cars
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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Everything You Have Is Worthless
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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Markets Specialize in Finding and Fixing Failure
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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Yes, the System is “Rigged”—the Question is How
Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.
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Smart Contracts Are All Around You
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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In Praise of an Ideology of Freedom
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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