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This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.
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We’ve heard that “there ain’t no such thing as a free lunch.” But in the internet age, free stuff abounds.
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Human dignity, autonomy, and social cooperation are best left to the tender hands of politicians and bureaucrats. Not!
READ MOREWhat is a market economy? We often talk about it as though it were a thing, perhaps a machine or a vehicle. Business reporters say it heats up or cools down. Sometimes it even gets stuck in a ditch. But it’s not a thing subject to heating or cooling or …
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The free market — indeed, a free society — is founded on individual rights, including the right to one’s justly acquired property. If the government’s rules regarding the use and disposal of property are “flexible,” a free society is doomed.
READ MOREPresident Trump has begun to flesh out his promise to rebuild America’s infrastructure. His planned “massive investment … will be matched by significant private, state, and local dollars,” Trump said on June 8. The administration has also pledged to of …
READ MOREBusiness decisions should be made in the marketplace, not in the halls of government.
READ MOREAs airlines often do, last week, United Airlines overbooked a flight. But this time, all was not well. Overbooked flights are nothing new. According to the Federal Transit Authority, U.S. airlines convinced over 400,000 passengers to give up their seat …
READ MOREBy now we should have figured out the cure for what ails the American health care system: a regimen of unadulterated competition. It’s just what the doctor (of sound economics, that is) would order.
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It seems employers are being encouraged to help their young employees spend their money as fast, or even faster, than they earn it. Some employers are taking the bait. Some even think it is a benefit to make employees loans, help pay them off, or be better at payday loans than payday lenders.
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As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered “shock therapy” to slay hyperinflation and build a free market.
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Allison is nothing if not an expert on banking and finance, and having witnessed up close the 2008 financial crack-up that rendered so much of his competition insolvent, he’s written an essential book on the causes of a financial crisis that he unapologetically concludes was born by government error.
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