free market

Detroit Bus Co. moving in the right direction

"In early 2012, when Detroit's dysfunctional bus system was all over the news, Andy Didorosi founded the Detroit Bus Co. with three buses and the hope he could do something to help our carless citizens who wait in frustration for buses that can be hours late and sometimes don't come at all. He got lots of press and even a citation from Detroit City Council for stepping in to help. Now a year and a half into the bus biz, Didorosi has found a way to give Detroiters a service they really need. The Detroit Bus Co. is building a program to pick up kids at 'safe spots' and drive them to summer and after-school programs and bring them safely home. The buses run on biodiesel." Continue reading →

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Detroit’s Anarcho-Progressive Homesteaded Community

"They live off the grid for the most part, with only minimal services. They homestead abandoned buildings, applying their love and labor to make the structures functional and livable. They do accept donations to help them rebuild the abandoned structures. They also run a neighborhood bicycle collective and use vacant lots for urban farming. They appear to communicate that there has been no bureaucratic resistance to their homesteaded community. That is what makes Detroit so special right now – a lack of political officialdom in these areas of blight, allowing a spontaneous order to root and thrive." Continue reading →

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The Economic Philosopher’s Outcast: Mises

"SS Gestapo Chief Henrich Himmler's agents sped through the streets of Vienna on an early morning, March 11, 1938, to capture and eliminate Nazi Germany's enemies. One of his prime targets lived in a middle-class Jewish neighborhood at 28 Weihoffen St. Apartment 7. Ludwig Von Mises, a 58-year-old political philosopher, was Jewish and defenseless. Hitler deemed this man an enemy of the state and one of the top targets to be seized during the Nazi takeover of Austria. Fleeing from the city the day before, Professor Mises narrowly escaped to Switzerland. Despite attempts on his life, Mises spent the 92 years of his life fighting totalitarianism." Continue reading →

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The Century of Arbitration and Peace

"All of this provides a real-world example of the possibility of adjudicating disputes in a private and contractual manner. It does not take a huge leap of faith to conclude that a decentralized arbitration system could be extended to smaller and smaller segments of the population, ultimately leading to a private security environment. If it can be done between states, why not between individuals (or private insurance / security companies) in a world without states as we currently use the term? Why limit the possibilities by geographical boundaries – some form of panarchy, if you will?" Continue reading →

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Facebook launches global Internet access initiative

"Facebook and other technology giants launched an initiative Wednesday designed to give the whole world access to the Internet. The project is entitled Internet.org and its goal is to cut the cost of smart phone-based Internet services in developing countries. Today some 2.7 billion people, just over a third of the world’s population, have access to the Internet and the number of new users is growing only slowly each year, a statement said. The other partners in the project are Nokia, Ericsson, Samsung, Qualcomm, MediaTek and Opera, while Twitter and LinkedIn also also due to sign up." Continue reading →

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Would you like unlimited days off?

"The practice is gaining ground in places like Silicon Valley, where start-ups spring up like weeds and venture capitalists who have never seen a timecard make little if any distinction between 'work' and 'nonwork' time for themselves or their employees. For employers, the benefits of unlimited vacations include not having to use staff time to track and record vacation hours. There’s no need to pay employees for their 'accrued' vacation time if they leave; they don’t accrue any. Among the companies that have already put an unlimited vacation policy in place are Netflix; Best Buy; Zynga, the online game maker; and Rodale, the magazine publisher." Continue reading →

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India’s recycled Gold supply may hit 300 tons in 2013

"'Jewellers will need more gold to manufacture jewellery, as imports have been heavily restricted. If I sell today and (am) not in a position to replenish my stocks, then I'll have a problem and then I'll have to source gold from somewhere else,' said Bachhraj Bamalwa, director of the All India Gems and Jewellery Trade Federation, in a interview with Reuters. With the Rupee crashing to new all-time lows on the currency market, however, gold prices are near record highs for Indian households. Indian government has doubled taxes on bullion imports this year to shrink a ballooning trade deficit and end a slide in the rupee. Gold is the country’s second largest import after oil." Continue reading →

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Bitcoin Spawns China Virtual IPOs as U.S. Scrutiny Grows

"The Bitcoin craze is catching on in China. A small but growing group of investors in China have put the country into contention with the U.S. as the biggest downloader of the virtual money that’s being used to buy a growing range of goods and services online. While intensified scrutiny by U.S. regulators casts doubt on the currency’s future there, China’s Bitcoin industry is expanding. The China Securities Regulatory Commission didn’t respond to a faxed query on whether it’s looking at new rules regarding Bitcoin. So long as it remains small, the industry may continue to fly below the radar screen." Continue reading →

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To Make Sense of the Coins Act, Follow the Money

"The American people might be surprised to learn that for the past 20 years a handful of lobbyists and lawmakers—mostly from states with mining and metal-processing interests—have been pushing a proposal to take away dollar bills, and force the public to use metal coins instead. The advocacy group promoting the Coins Act has the same address as PMX Industries, a South Korean firm located in Cedar Rapids, Iowa, that supplies the U.S. Mint with the metal used to make dollar coins. The company in 2011 donated a combined $500,000 to the Harkin Institute of Public Policy at Iowa State University named after the senator." Continue reading →

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Bitcoin and China: More than Meets the Eye?

"If the Chinese government intends to steer the country toward being an effective post-industrial economy, then offering increased economic freedom and a pro-innovation environment is the way to go. Perhaps there is indeed an 'avant garde' in the Chinese government, which sees Bitcoin as a place to make one of its first moves. Or, perhaps, China’s Bitcoin-friendliness is still simply the result of government blindness, and a crackdown is due to come in two or four months. But with every passing week the alternative hypothesis is becoming increasingly likely; perhaps China’s Bitcoin acceptance has more behind it than meets the eye." Continue reading →

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