During the earliest part of the industrial revolution, workers who were upset about losing their jobs to advanced machinery would throw their shoes into the machines in order to sabotage production. We’re seeing recurrence of sabotage again today, but there’s no more successful saboteur than regulation. Duke University Professor Michael C. Munger explains.
Airbnb is now facing greater opposition in New York thanks to a recent bill signed by Governor Andrew Cuomo which bans advertising of short-term rentals.
UberX produces daily social value of about $18 million. That is comparable to having an excellent French impressionist painter produce a beautiful work each day and give it away for free.
The English poet John Donne once wrote that “no man is an island.” It often feels quite the opposite what with the ever increasing technological advances made and the preoccupied-with-our-phone age we find ourselves in. Yet, the same technology that sometimes feels divisive is actually one of the best ways to stay connected. (Think Pokémon Go). The […]
What if seeing a doctor could be easy as getting an Uber? Senior Research Fellow at the Mercatus Center Adam Thierer looks at one of the newest innovations on the free-market frontier of health care. Doctors are making real house calls arranged by new smartphone apps. Would you use an app like this to see […]
In order to run a taxi in New York, you need a medallion. Because the number of medallions is restricted by the government (artificially restricting the supply, and thus, competition), getting your hands on a medallion can be extremely expensive. As Bloomberg Business explains: “To own a cab in New York, you need a medallion—a […]