free market

Bitcoin: A Primer for Policymakers

"A new Mercatus Center at George Mason University study addresses many of the common misconceptions about Bitcoin and describes how the digital currency works. The study also analyzes current laws and regulations that may already cover digital currencies and warns against preemptively placing regulatory restrictions on Bitcoin that could stifle this new technology before it has a chance to grow. In addition, the paper gives policymakers several recommendations on how to treat Bitcoin going forward in a way that helps the free market and provides clarity for law enforcement." Continue reading →

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Jeffrey Tucker: How Bitcoin is Reinventing The Monetary System

"'We're talking about reinventing the world's monetary system...from the ground up,' says Jeffrey Tucker, executive editor of Laissez Faire Books, and an enthusiastic proponent of the open source peer-to-peer currency system Bitcoin. After participating in a panel discussion on Bitcoin at Freedom Fest, Tucker sat down with Reason Magazine's Matt Welch to explain why he believes Bitcoin is an example of a new enterprise that can help create 'a new world of liberty, despite the existence of the leviathan state.'" Continue reading →

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This is What Budget Cuts Have Done to Detroit … And It’s Freaking Awesome

"If our public servants are right, then chaos, anarchy and lawlessness should reign in Detroit now, right? Well, not exactly. Dale Brown and his organization, the Threat Management Center (TMC), have helped fill in the void left by the corrupt and incompetent city government. TMC now has a client base of about 1,000 private residences and over 500 businesses. Law enforcement isn't the only 'essential government service' that the private sector is taking over. The Detroit Bus Company (DBC) is a private bus service that began last year and truly shows a stark contrast in how the market and government operates." Continue reading →

Continue ReadingThis is What Budget Cuts Have Done to Detroit … And It’s Freaking Awesome

This is What Budget Cuts Have Done to Detroit … And It’s Freaking Awesome

"If our public servants are right, then chaos, anarchy and lawlessness should reign in Detroit now, right? Well, not exactly. Dale Brown and his organization, the Threat Management Center (TMC), have helped fill in the void left by the corrupt and incompetent city government. TMC now has a client base of about 1,000 private residences and over 500 businesses. Law enforcement isn't the only 'essential government service' that the private sector is taking over. The Detroit Bus Company (DBC) is a private bus service that began last year and truly shows a stark contrast in how the market and government operates." Continue reading →

Continue ReadingThis is What Budget Cuts Have Done to Detroit … And It’s Freaking Awesome

Google to challenge telecoms with fleet of solar-powered balloons

"In recent months, Google Inc has announced plans to bring free wireless Internet access to 7,000 Starbucks cafes across America, eventually displacing AT&T Inc; it has asked U.S. regulators for broader access to wireless airwaves; and it has launched 30 solar-powered balloons over the South Pacific ocean, designed to beam the Internet to remote regions. Then there is Google Fiber, the high-speed cable TV and Internet service that was introduced in Kansas City late last year and that will be expanded soon to Austin and Provo, Utah. Fiber delivers Internet speeds at 1 gigabit per second, as much as 100 times faster than the average U.S. network." Continue reading →

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Bono: “Capitalism takes more people out of poverty than aid”

"Bono (nee Paul David Hewson) is the lead singer in the rock group U2, one of the most successful rock groups in history. Bono also became a major proponent of greatly expanded U.S. foreign aid and other government programs (including debt cancellation) to alleviate the dire plight in the world of HIV/AIDS, malaria, abject poverty, and other issues. In a speech at Georgetown University, Bono altered his economic and political views and declared that only capitalism can end poverty. 'Aid is just a stopgap,' he said. 'Commerce [and] entrepreneurial capitalism take more people out of poverty than aid. We need Africa to become an economic powerhouse.'" Continue reading →

Continue ReadingBono: “Capitalism takes more people out of poverty than aid”

Startups destroy more jobs than they create – unless they’re tech companies

"While private sector business creation fell 9 percent between 1980 and 2011, the birth rate of new tech businesses was 69 percent higher in 2011 than it was in 1980, according to the report. Over the same period of time, the job-creation rate of those young tech firms – aged between 1 and 5 years old – was twice as robust as the average rate for firms in the rest of the private sector. That’s partly due to what the report cites as the 'up-or-out' dynamic: tech startups tend to either fail quickly or grow rapidly." Continue reading →

Continue ReadingStartups destroy more jobs than they create – unless they’re tech companies

It’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities

"It’s a practically a social movement, and a movement needs a theorist. That’s Brad Feld. In his by-the-bootstraps guide, the 2012 book Startup Communities, Feld laid out a guru-ish, four-point plan for how to create a growing mass of startup companies. But his rules boil down to just one: entrepreneurs must be the 'leaders.' Everyone else—universities, governments, investors—are 'feeders' that, though important, can’t kick-start a startup community on their own. Feld says if even fewer than a dozen established entrepreneurs team up and get serious that nearly any city from Detroit to Cape Town can create a meaningful startup sector." Continue reading →

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Detroit’s Amazing Pop-Up Anarchy

"Detroit pop-ups are not your conventional, temporary businesses such as those unsightly suburban fireworks stores, or the usual Christmas or Halloween retailers. Instead, the city has attracted art galleries, food and beverage cafes, coffee shops, clothing boutiques, tea houses, vegan restaurants, yoga workshops, antique stores, bike stores, and mercantile-type retailers. Pop-ups are a temporary arrangement, often with a defined start and end time for business operations. Detroit is the perfect place for these temporary pop-up businesses." Continue reading →

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Shares in Incorporated Co-op Cities Might Be the Next Big Thing

"Those who own property in a city—houses and businesses, say—probably come the closest to qualifying as its shareholders, but they do not own undivided interests in the city as a whole. Perhaps then we should not be surprised that, like unowned property everywhere, many cities suffer looting, abuse, and neglect. How can we improve this state of affairs? Here, as elsewhere, the public sector can learn from the private sector about how to tap the power of shared equity. Two lessons, in particular, bear our attention: Workplaces resemble cities and worker-owned businesses thrive." Continue reading →

Continue ReadingShares in Incorporated Co-op Cities Might Be the Next Big Thing