Tag Archives: Free Market

Singapore: A Case of Libertarian Orientalism?

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“Raffles was the one who started the whole thing and say this was going to be a free trade place and this free trade principle has never been touched in the last 150 years. Therefore Singapore really if you look at all those international indicators, Singapore scores extremely well; very little regulation; a foreigner can create a company; multinational companies can come in, no problem. It’s all very easy. The hair in the soup; big hair this time, we’re talking about government enterprises and investments. Here Singapore only scores 7 in the Frasier Institute report. The score of 7 meant when the government invests between 20 and 25 percent in total investments.”

http://isil.org/singapore-a-case-of-libertarian-orientalism/

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Colorado’s New Cannabis Economy

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“What would have happened if one or two states had somehow managed to legalize alcohol during prohibition? Most likely, those states would have become centers of entrepreneurship with retail outlets, medicines, and innovation in equipment, machinery, and other forms of capital related to alcohol-related industries.  With the recent legalization of recreational cannabis use in both Washington state and Colorado, we’re able to see a similar experiment in action.  While the 18th Amendment prohibiting alcohol production and sales precluded state-level legalization, federal drug laws enjoy no such constitutional backing.”

http://mises.org/daily/6669/Colorados-New-Cannabis-Economy

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Why the Working Poor and Banks Are a Bad Match

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“The Consumer Financial Protection Bureau is expected to draft rules governing payday lending this year. But the conventional wisdom that will likely guide it is based on false perceptions about the working poor and the best way to serve them.  So argues Lisa Servon, a professor at The New School in New York, who spent four months as a teller at a check-cashing business in the South Bronx and three at a payday lender in Oakland, Calif. Servon’s conclusion is that many low-income consumers fulfill their financial needs outside the regulated banking system by choice and in many cases are better off for doing so.”

http://www.americanbanker.com/video/why-the-working-poor-and-banks-are-a-bad-match1064854-1.html

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“I Will Never Go Back”: why the Ukrainians did what they did

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“Our hosts for the evening were an oncologist and his wife, a music teacher, and we were guests in their home—a small two-bedroom apartment where they lived with their son. The oncologist’s hospital, which we had toured earlier that day, was a converted horse barn; his office was a former stall. His colleague and other dinner guest was a cardiologist who had spent a few months in the 1980s in the United States on a medical exchange program—by chance at the same hospital where Sandra had been born 40 years earlier. Both were in their early 50s and had grown up in the Soviet system. To protect them now I will call them ‘Sergei’ and ‘Vlad,’ respectively.”

http://www.fee.org/the_freeman/detail/i-will-never-go-back

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Liberty: A Muslim-American Perspective

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“It is true that we don’t really appreciate and truly understand what we have until we lose it and liberty for me started its slow but steady descent into oblivion on Sept. 11 2001, a day that went down in infamy not just for America but for the entire world. In the days and weeks following, it became apparent to me that nothing would stay the same and slowly but surely and all in the name of ‘security’ and ‘freedom’ the days and years following the horrid events of Sept.11 paved the way for a barrage of infringements on my rights as a human being and as a citizen.”

http://libertyontap.org/2014/02/07/liberty-a-muslim-american-perspective/

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Wow much Dogecoin. Very competition. So money.

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“Dogecoin has proven itself to be money. Here’s why.  First, what is money? The short answer is that money is as money does. More specifically, money is a medium of exchange, unit of account, and store of value that helps people trade for goods and  services.  For any money, it is important to define exactly where it is a medium of exchange. My Turkish lira have little value outside of sentiment for me here in Irvington, NY. But in Turkey, I can exchange those pieces of paper for nearly anything.  So, where is Dogecoin money? Right here on the internet. DOGE (shorthand symbol for Dogecoin) has spontaneously emerged as the internet’s tipping currency.”

http://www.fee.org/the_freeman/detail/wow-much-dogecoin-very-competition-so-money

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Zimbabwe central bank opens market to competing currencies

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“Once known for its billion dollar notes and hyper-inflation, Zimbabwe must be the only place in the world to have eight currencies as legal tender – none of them its own.  For the last five years most people have been using US dollars or South African rand, but pula from Botswana and British pound sterling have also been changing hands.  Now the central bank is also allowing the use of Australian dollars, Chinese yuan, Indian rupees and Japanese yen.  For the moment, customers can open bank accounts in these currencies but the hard cash is not yet in circulation.”

http://www.bbc.co.uk/news/world-africa-26034078

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Who actually develops Linux? The answer might surprise you

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“As for why Linux is now mostly developed by well-paid engineers, the possible reasons are myriad. The most obvious and compelling reason is that these big companies have a commercial interest in the continued good health of Linux. 10 years ago, Linux was the plaything of hobbyists and supercomputer makers — today, it powers everything from smartphones (Android) to wireless routers to set-top boxes. The continuing commercial interest in Linux is highlighted by another statistic from The Linux Foundation report: In mid-2011, only 191 companies were involved in the Linux kernel; by the end of 2013, that number was up to 243.”

http://www.extremetech.com/computing/175919-who-actually-develops-linux-the-answer-might-surprise-you

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Free Market Healthcare in the Former Eastern Bloc

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“To be honest, most Eastern European countries still have a very centrally planned health system, but if you look at Western Europe, most countries—except the Netherlands and Switzerland—have heavily centrally planned health systems themselves. Some more, some less.  There are a couple of very interesting examples in Eastern Europe, of what privatisation and deregulation of healthcare has achieved. I would like to highlight those, because they are also interesting for people from Western countries to get really good ammunition for arguments in why we need more markets and healthcare. Why do people benefit from more markets in healthcare?”

http://isil.org/giant-or-dwarf-free-market-healthcare-in-the-former-east-block/

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The Bitcoin ATM Has a Dirty Secret: It Needs a Chaperone

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“One day in November, a few weeks after launching the ATM, Demeter noticed something peculiar as he perused the machine’s transaction data at his office, across town from the coffee shop. At one point, the machine had voided 15 transactions in a row, for no obvious reason. So he drove down to the cafe, and as he walked through the front door, he immediately saw the problem.  A man was sitting next to the machine, at one of the cafe’s wooden tables, and he was holding a sign that read: ‘Don’t Pay Transaction Fees.’ This very human entrepreneur, you see, was undercutting the world’s first bitcoin ATM, which was charging a 7 percent transaction fee.”

http://www.wired.com/wiredenterprise/2014/01/bitcoin_atm/

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