Paternalism and Robinhood Revisited
“Robinhood and other self-directed apps like it have fundamentally disrupted the market in a good way. Many entrenched interests, be it private firms or the government, are not comfortable with this change. Hopefully, our leaders have seen firsthand the disruption that such abrupt and restrictive actions have on society.” ~ Ethan Yang
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Judge Temporarily Blocks Cuomo’s Indoor Dining Ban in Ongoing Lawsuit
“The judge recognized that the dining restrictions have caused irreparable harm and that halting the restrictions until the trial was over would be appropriate. For that reason and the belief that the petitioners had a strong potential to succeed based on the rational basis test, he granted a preliminary injunction against the dining ban.” ~ Ethan Yang
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Fundamental Questions about Corporate Donations
“Corporate governance today, after all, is not democratic, even in the vague sense of representative. Generally speaking, corporate elections are not secret and hence voters, especially employee shareholders, are subject to coercion. Moreover, voting power is a function of the number and type of shares owned, and executives control the proxies of many shareholders by default.” ~ Robert E. Wright
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Free Labor Markets vs. Biden’s Push for Compulsory Unionism
“Joe Biden’s pro-union labor agenda, if implemented, would rob all those working for a living the liberty and latitude to do so freely and of their own choosing. They would be reduced to servants and supplicants to those controlling the unions and who possess the power to allow or prevent people from working in various walks of life, while determining the wages and conditions under which they may accept and find employment.” ~ Richard M. Ebeling
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All Hail the Reopening!
“Will they admit error and apologize? That will take longer if it happens at all. At this point, right now, other things matter more. The priority must be to emancipate us from bad science and destructive policy so we can put our lives back together again. ” ~ Jeffrey Tucker
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On Richard Epstein on Regulating “Big Tech”
“The chief condition for such competition to remain real and effective is that government not obstruct it. As long as government itself remains neutral and nondiscriminatory, the best protection for consumers and for the polity is the free-market process.” ~ Donald J. Boudreaux
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Andrew Ross Sorkin Strives to Improve Markets by Blinding Them
“If politicians were constrained, they wouldn’t have privileged information in the first place. Will Sorkin write about that? It wouldn’t be a serious bet to place. Which is why there’s little reason to take his overwrought hand-wringing about ‘insider trading’ seriously.” ~ John Tamny
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The SEC, Cryptocurrencies and Securities
“What are the implications of the Ripple suit for cryptocurrencies in general? Cryptocurrencies with a framework similar to Ripple’s obviously have a problem. Decentralized cryptocurrencies such as Bitcoin and Ether are far away from the situation creating problems for Ripple.” ~ Gerald P. Dwyer
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Finance Memes and the Collective Influence of Young Retail Investors
“Much like all other behaviors associated with young retail investors, on their own, they seem reckless but collectively they help shift results in their favor. Sometimes they are simply the right choice despite expert opinion. These trends not only demonstrate an interesting short-term market force but also the permanent introduction of new demand side forces as a result of the growing financial enfranchisement of younger investors.” ~ Ethan Yang
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Hope and Freedom in Georgia
“In Georgia you see actual happiness: smiles on faces, quick steps, and light conversations about something other than the virus. The look and feel of the place, with bustling commercial districts and holiday joy everywhere, absolutely startled me. Just being around this scene for a few days lifted my own spirits immeasurably.” ~ Jeffrey Tucker
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Private Charity versus the Political Grinches
“We should not forget the power of the private sector not only in the marketplace of profit-making supply and demand, but in the charitable good works and efforts of voluntary giving in the other institutions of a free civil society. Let us not forget that benevolent caring, sharing and gift-giving is what the spirit of Christmas is really all about, and most especially in a society of liberty.” ~ Richard M. Ebeling
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Better Fetters
“Unlike the fetters that are imposed on us by government, those inherent in the voluntary arrangements of capitalism are bulwarks against the aggression of others, whose primary practitioner is government. In other words, effectively defined and enforced property rights create a capitalism that is more effectively fettered and far more productive for all of us than government-imposed fetters that restrict and violate them.” ~ Gary M. Galles
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