Tag Archives: Free Market

Silk Road Founder Ross Ulbricht Sentenced to Life (and Death) in Prison

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“When you couple the eBay-style reputation engine with the relative anonymity of a black market, you get what we might call a ‘gray market.’ And that gray market allowed those determined to buy certain items — illegal drugs, etc. — to do so in a far, far safer way than ever before.  Silk Road and dark websites like it remove commercial activity from the hands of violent cartels fighting over territory, from the gangland districts of US cities, and from dodgy dealings behind shady buildings.  Second, in a pragmatic sense, the apprehension and sentencing of Ulbricht has not deterred these grey market entrepreneurs.”

http://fee.org/anythingpeaceful/detail/ross-ulbricht-fool-martyr-or-trailblazer

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Jeffrey Tucker: The Deeply Tragic Life Sentencing of Ross Ulbricht

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“If you are a tenured professor performing artificial trading experiments in a classroom and publishing your results in expensive journals, you are toasted as a genius and sometimes given prestigious prizes. If you innovate with venture capital funding and the backing of large tech firms, you are rewarded with riches and fame. But if you are a quiet geek who creates a more realistic experiment online, one that actually benefits humanity, and never sought funding from any establishment source, you are swept up in a sting operation and imprisoned for life.  As for the online markets themselves, the jailing of Ross does nothing to stop them. They are now larger than ever.”

https://tucker.liberty.me/the-deeply-tragic-jailing-of-ross-ulbricht/

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Tomorrow’s Advance Man: Marc Andreessen’s plan to win the future

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“Peter Thiel favors ‘seasteading,’ establishing floating cities in the middle of the ocean. Balaji Srinivasan, until recently a general partner at a16z, has called for the ‘ultimate exit.’ Arguing that the U.S. is as fossilized as Microsoft, and that the Valley has become stronger than Boston, New York, Los Angeles, and Washington, D.C., combined, Srinivasan believes that its denizens should ‘build an opt-in society, ultimately outside the U.S., run by technology.’  [..] The game in Silicon Valley is prescience, and then it’s removing every obstacle to the ferocious clarity of your vision: incumbents, regulations, folkways, people. Can you not just see the future but summon it?”

http://www.newyorker.com/magazine/2015/05/18/tomorrows-advance-man

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These free market services show just how inefficient your government is

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“The private postal services that charge a premium to mail postcards for tourists in Venice are not the only examples of businesses helping to ease the pain of such bureaucracy taxes.  In war-torn Detroit, for instance, private police services have cropped up to help homeowners protect their property.  Detroit residents with something to protect can now band together and hire their own police service for the neighborhood, with the companies using that money to provide free services to poorer neighborhoods.  And in the even more bureaucratic France, surprisingly good private train companies have popped up to take people not just within France but to Germany, Austria, and elsewhere.”

http://nomadcapitalist.com/2015/05/11/free-market-inefficient-government/

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The Free Market is Solving the GMO Problem

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“Look what is happening. A significant number of consumers want foods made from GMO-free grains. Food companies provided them. The article mentions some examples. General Mills will no longer use GMO cornstarch in Cheerios. Chipotle Mexican Grill wants to eliminate GMOs from all its ingredients. Whole Foods will require GMO labeling by 2018. All this is happening without any state intervention. The businesses are responding to their customers. With demand growing but the supply of non-GMO grains relatively tight, prices for those grains have gone up. The higher prices enticed farmers like the one quoted in the Des Moines Register.”

http://www.thedailybell.com/news-analysis/36251/The-Free-Market-is-Solving-the-GMO-Problem/

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8 Great Libertarian Apps That Make Your World Freer & Easier to Navigate

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“Waze is a real-time, crowd-sourced map that not only tells you about traffic jams and finds the cheapest nearby gas station for you but also warns you of speed traps, police checkpoints, and ticket cams. Open WhisperSystem’s Red Phone and Text Secure provide easy end-to-end encryption for phone calls, text messages, and chats. If you’re on Apple iOS, check out Signal.  Meerkat and Periscope allow you to livestream everything from your kids’ soccer games to police stops directly to Twitter.  The Peacekeeper Emergency Response System app cultivates ‘benevolence’ and independence in communities by allowing you to create your own personal emergency response network.”

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Would you like being paid in gold? It’s possible… in Singapore

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“The fact that that being paid in gold likely sounds crazy to most of your friends and neighbors suggests something is seriously wrong with the western economy you live in.  But down in Singapore, one company is doing just that.  My friend Torgny Persson at Bullionstar now offers his employees the chance to be paid directly in gold, whether that means conveniently stored in their high-security vault or taking physical possession.  Bullionstar is the first company in Singapore – the world’s second freest economy – to pay its workers in gold, and the idea seems to be catching on.  It’s good news for gold lovers and for the future of emerging continents like Asia.”

http://nomadcapitalist.com/2014/11/12/being-paid-in-gold-singapore/

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OpenBazaar: The Decentralized Offspring of Ebay & Amazon

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“No longer do you have to worry about a centralized business dictating the rules of operation (i.e. what kinds of items you want to list, what price, where you can sell or buy from). This creates a borderless trade system that no longer is limited to corporate interests.   Secondly is, as a protocol, OpenBazaar will support many types of business operations, not just direct sales or auctions (la eBay). You will be able to conduct all sorts of activities like lending, crowdfunding, crypto security issuance. The thing that makes this work, though, is our arbitration system, which uses multisignature transactions and a reputation system that is being built currently.”

http://cointelegraph.com/news/112756/openbazaar-the-decentralized-offspring-of-ebay-amazon-interview-with-project-lead-brian-hoffman

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Live Like You’re Free

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“You have been born into a time when you can communicate with thousands of people in an instant, people who share your interests and concerns. You can leave town for the weekend and see things daily that your ancestors could not possibly have imagined. Your job is almost certainly less physically taxing than any job any person who lived prior ever had. Statistically, you are likely to live longer and better than anyone born before you. Entrepreneurs are busy creating and popularizing some of the first tools in history that are more useful for undermining coercion than for furthering it. Freedom is expanding daily in ways our predecessors could hardly have dreamed.”

http://fee.org/the_freeman/detail/live-like-youre-free

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Feeling Down?

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“You have been born into a time when you can communicate with thousands of people like you instantly at any time. You can leave town for the weekend and see things daily that your ancestors could not possibly have imagined. Your job is almost certainly less physically taxing than any job any of your parents, grandparents, or virtually any person who lived prior to them ever had. Statistically, you’re going to live longer and better than anyone born more than a few years before you. Entrepreneurs are busy creating and popularizing some of the first tools in history that are more useful for undermining coercion than for furthering it.  You are the 0.00001%. Live like it.”

https://building.liberty.me/2014/10/10/feeling-down/

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