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Archive of posts published in the tag: innovation

The Third Wave of Capitalism

Competition is both wasteful and efficient. Lots of ideas die, but the new ones that emerge more than make up for the loss. Central planning may restrict competitive ideas, but rarely leads to the emergence of great ideas because central planning is reacting to problems and needs that become obsolete before the ink is dry on the plan.

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Used Car Economics

Kevin Williamson’s Welcome to the Paradise of the Real was written over two years ago and I still refer it to readers.Sneaky Inflation is equal to that piece in bringing sound economic thought to bear on current issues with an engaging style.  Both…

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Innovation vs Regulation

from Sultan Knish, The Technophobic Democrats Excerpts: Democrats like technology the way that they like science in general, as an inspiring progressive idea, not as the messy uncertain reality that it really is. But applying their logic of “settled science”,…

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