Governments have only edicts and guns to enforce them. Ideas, on the other hand, take flight because they enter into the human imagination, spread like wildfire, and construct the narrative of history itself.
READ MOREThe first wave of inefficient, fake, & fraudulent blockchain apps have been washed out; the survivors are delivering real innovation.
READ MOREEvery story needs a villain, and the most popular villain recently in economic policy circles is automation.
READ MOREIt would let bureaucrats at the new Federal Automation and Worker Protection Agency sit in judgment of what constitutes beneficial forms of innovation and ask them to predict or plan our technological future.
READ MOREWhat is the right principle? It is this: consent — by both parties.
READ MOREModern agricultural technologies and long-distance trade have benefitted the environment by concentrating food production in the best locations and by drastically increasing yields.
READ MOREMany laws and regulations create direct or indirect barriers to the emergence of new ideas and organizations.
READ MOREGlobal capitalism has made possible our aesthetic choice for minimalism. The infinite complexity of the global division of labor and international supply chains makes our simplicity seem easy.
READ MOREFacebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.
READ MORECrony capitalism comes in different shapes and sizes, with policies like bailouts, trade barriers, tax credits, and subsidies all benefiting certain companies at the expense of their competitors.
READ MOREForcing social media sites to “disappear” or be broken up is one of the worst ways to deal with these concerns.
READ MOREThese easy-to-assemble retail kiosks aren’t just a great example of the market’s ingenuity, they are also proof that the market provides an answer to customers’ needs, even if these needs are the product of artificial barriers imposed by the government.
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