Ten Second News

Lemonade, Taxis, Victims and a Comment Rescue or Two

In a recent post by Tod about privilege, a discussion emerged regarding the role of government in providing privilege via the enforcement of monopolies. As noted, such privilege does not just belong to the initial rent-seeker, but also to anyone who subsequently decides to purchase that monopoly, that privilege. These people asked for no favours…

community and exit

One fundamental flaw in the idealized concept of small town America is the lack of freedom to exit.  In small towns the freedom to exit is greatly reduced – especially in rural areas where towns are spread out.  Social choice and economic choice are both limited in these areas, and both are equally important.  The…