Uber’s challenge to old-fashioned ride service — to the taxi industry — is at least twofold. One, it shows government regulation to be counterproductive and kind of witless. Two, it shows that innovation — particularly by decreasing transaction costs — can rapidly transform a market for the good of consumers.
Charming. That is the best word to describe the “Little Free Library” movement. Haven’t heard of it? It is the practice by which just plain folks share their books by building these little birdhouse-sized free lending libraries that they place in their yards by the curb. Usually, the little “libraries”
Transformer-in-Chief Barack Obama is at it again. The president’s latest tune is a variation on a very old theme: whatever government breaks “requires” a new government program. See a problem; propose and enact a government solution; the problem gets worse, some new ones pop up; blame everything on the voluntary,
Worried about its costs, Netflix has asked millions of customers to support so-called “net neutrality” policies to curtail the freedom of action of broadband companies like Comcast. Netflix, a huge suck of bandwidth, doesn’t want to have to make deals with ISPs like Comcast to deliver service to its customers.
he “tiny house” movement has gained momentum. More and more people — especially young people and childless people — see the virtue of very small houses. They are cheaper, can be made energy-efficient, have an almost necessarily smaller “environmental footprint,” and are mobile. And I can see the attraction. For
The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed into law in 2010 by President Barack Obama. Its supporters said that would increase financial stability and transparency, prevent bailouts, and protect consumers from “abusive practices.” I’m dubious the new regulatory regime will accomplish any of these goals. What
Customers in Germany and elsewhere have flouted irrational attacks on the popular ride-sharing service Uber. As I have explained before, Uber’s software lets passengers and drivers connect in a way that bypasses regularly regulated taxicabs. Cabbies don’t necessarily oppose the innovation. Many see Uber’s app as a nifty way to