The real minimum wage is zero, despite the best efforts of the economically illiterate public sector do-gooder.
Outdated regulations prove to be a roadblock to ride-sharing innovation.
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 […]
Fans of increased government intervention in the economy often like to justify their position by pointing to the success of the moon landing. “If we can put a man on the moon,” the refrain goes, “we can surely rebuild our crumbling infrastructure (or provide everyone with healthcare, etc.).” There’s no question the moon landing was […]
I use a lot of books in my line of work. I can get a lot of them from the library. I use Amazon’s Kindle app to download a lot of books and organize my notes on them. Some books—like F.A. Hayek’s Individualism and Economic Order—are available for $0 download or on a website like […]
Technology is putting humanitarianism on steroids. In the video below, digital humanitarians show how e-Nable, a global community of individuals who are using their 3D printers to create free 3D-printed hands and arms for those in need, is transforming the humanitarian community. Dr. Jon Schull, a professor at the University of Rochester and founder of […]
For many, a “helping hand” is supposed to come from the government, especially when it comes to things related to health care. But innovation, technology, and entrepreneurship are proving that this is not always the case. In the video below, University of Rochester Professor and e-Nable founder Dr. Jon Schull shows how invention and crowdsourcing […]
For decades, the debate around health care has centered on access. No question access to health care is important. But this focus has ignored — and come at the expense of — topics that are much more important, namely quality and price. In the video below, Robert Graboyes, senior research fellow at the Mercatus Center, […]
Wouldn’t it be great if seeing a doctor was as quick and as easy as calling an Uber? That’s the question that Mercatus Center Senior Research Fellow Adam Thierer asks in the new Learn Liberty video on Permissionless Innovation. This concept states that people should be allowed to innovate and make products that improve our […]
Another election year, another debate over the future America’s health care system. Though some of us may have thought we put this debate behind us with the passage of the Affordable Care Act, it has reared its ugly head again. For good reason. Health care costs in America are ballooning much faster than inflation, and […]
Bernie Sanders sure gets a lot of air time out of his class warfare rhetoric. Common arguments from him and his supports lead less knowledgeable people to believe that the middle class is at risk of an ever more exploitative wealthy elite. But is that true? Let’s take a look at just one of those […]
In the wake of his passing, I’ve spent a lot of time reflecting on the contributions of my mentor Douglass C. North (Nobel Prize winner in 1993). In the last few months, I have been thinking especially about how we can understand debates about innovations like “Big Box” retail and ridesharing in light of some […]
One of the most valuable economic insights is that human creativity is The Ultimate Resource. (The great economist Julian Simon wrote a book by that name.) It follows that as long as we are free to use our creativity, we don’t have to worry about running out of resources. Truly, human creativity makes resources of […]
The capabilities of self-driving cars are growing rapidly, and some sources predict they will become the primary means of transportation by 2040. However, “Hundreds of thousands, if not millions, of people—truckers, cabbies, delivery people—drive for a living in the USA”, and these drivers are likely to lose their jobs if they could be replaced by self-driving […]
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]