Deregulation of Consenting Adults

When the tall, athletically-built twenty-something told me that she made a living as a dominatrix, I didn’t bat an eye. This was Freedom Fest, after all, and there was something […]

Government Opposition to Bitcoin

The network effects problem is not the only obstacle caused by the widespread use of incumbent monies. Since the vast majority of incumbent monies are issued by governments, those considering […]

Markets Already Internalize Externalities

One common and fashionable charge levied against free enterprise is that private transactions don’t take into account their impact on third parties. Economists call this “externalities,” as the damage (negative) […]