Patrick Byrne: How Tech Can Thwart the State
Patrick Byrne discusses Austrian theory and the blockchain, and what it means for the eventual demise of government gatekeepers and middlemen.
Patrick Byrne discusses Austrian theory and the blockchain, and what it means for the eventual demise of government gatekeepers and middlemen.
To economists, free trade means absence of government interference with trade. To politicians, "free trade" means a complex set of managed policies.
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.
Amazon's new cashier-less and staff-less store is just the latest move in a long history of innovations that have made workers obsolete.
Merry Christmas and Happy Holidays from everyone at the Mises Institute.
Europe's tobacco bans have managed to destroy businesses without actually getting people to stop smoking.