Tag: Business

Tech Companies Work to Tame Patent Trolls without Government Help »

In the wake of Congress failing to pass patent litigation reform this year, the private sector has gotten into gear and has taken matters into its own hands. Tech companies have formed LOTNet. This article from Motherboard sums up this new idea: As they say, if you can’t go through, go around. Enter the License...
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Rags to Riches (to Rags Again) »

“Most income statistics present a snapshot picture as of a given moment—and their results are radically different from those statistics which follow the same given individuals over a period of years.” —Thomas Sowell Last week, CNNMoney carried a fascinating report on how rich families end up squandering their wealth: Nearly 60% of the time...
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Do Private Prisons Make Financial Sense for States? »

Most states use contract prisons for some of their corrections needs, often in the hope of saving money, but is contracting out really all that worthwhile for states? The current debate about prisons and the private sector has often generated more heat than light. Fortunately, a new study from the Independent Institute answers the...
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Why Hobby Lobby Is Not an Assault on Women »

The reactions from the progressive side of the fence to Burwell v. Hobby Lobby Stores, Inc. was stunning. The spin is that American women have been stripped of fundamental constitutional protections. Sandra Fluke at The Washington Post’s blog claimed that “[t]he Hobby Lobby case is an attack on women.” The White House lamented that the...
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Virginia DMV and Taxi Unions versus Consumers »

“Competition always has been, and always will be, disagreeable to those who are affected by it. Thus we see that in all times and in all places men try to get rid of it.” —Frédéric Bastiat Last week, the Virginia Department of Motor Vehicles (DMV) sent cease-and-desist letters to app-based, ride-sharing services Uber and...
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Chances Are that You Have No More Expertise in Economics than You Have in Astrophysics »

Although the statement is commonly attributed to Mark Twain, his friend Charles Dudley Warner was the one who said, “Everybody complains about the weather, but nobody does anything about it.” Regardless of who said it, the statement was and remains fairly accurate. In contrast, we might observe, “Everybody complains about the economy, and a...
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Apple and Google Announce a Ceasefire in the Patent Wars »

Time has a good story on the decision of Apple and Google to dismiss all the current IP lawsuits between the two companies. They have also agreed to work together in some areas of patent reform. No doubt patent trolls were sorry to see the two giants redirect resources. The millions that went into...
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Piketty’s Capital: II »

Thomas Piketty’s Capital in the Twenty-First Century is well-written and well-researched, as I have indicated already, but it has some fundamental problems with the way it depicts capital. Piketty says “the first fundamental law of capitalism” is that the share of income going to capital, α, is equal to the return on capital, r,...
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Why Occupational Licensing Is Unjust, Unneeded, and Increases Income Inequality »

Employment gives people earned satisfaction and upward mobility. It can be especially fulfilling when a person is employed in their preferred field. But government policies often deprive some people of these benefits by establishing artificial barriers to employment. One such barrier is occupational licensure that prohibits employment in a specific occupation unless a would-be...
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Want to Start a Private Postsecondary School in California? Good Luck »

Not everyone wants to attend a traditional four-year college. A lot of people want to learn a trade and start a career immediately out of high school. Vocational schools have served these people in the past and helped them learn a trade in fields such as automotive repair, cosmetology, or nursing. Other people want...
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