A Defense of High-Frequency Trading
Wired magazine and the New York Times both recently published detailed stories on "flash trading" - the increasing use of high speed artificial intelligence algorithms in the financial markets. Both...
View ArticleA Defense of High Frequency Trading
Wired magazine and the New York Times both recently published detailed stories on "flash trading" - the increasing use of high speed artificial intelligence algorithms in the financial markets. Both...
View ArticleWhy Is Creating Value Good, Profits Bad?
"Profit" is a dirty word. Profit-seeking businessmen are stock villains in Hollywood movies. "Occupy Wall Street" protestors demand, "People not profits" (whatever that means). Companies reporting...
View ArticleThe Best Congress Money Can Buy?
What's the going market rate for a friendly Congressman? Of course, it's illegal to bribe a legislator. But according to recent episodes of the NPR shows Planet Money and This American Life,...
View ArticleTo Arrest Progress, Institute a $5M Maximum Income
Suppose a young medical researcher, Dr. Smith, discovered a safe, reliable vaccine for breast cancer. If a woman took a single pill at age 30, she’d never develop breast cancer. But the pill costs...
View ArticleHow Americans Can Fight Obamacare's Rising Costs
The 2012 election ensured that ObamaCare will not be repealed anytime soon. But opponents continue to fight back. 26 state governments have declined to establish insurance “exchanges.” 40 lawsuits are...
View ArticleFreedom, Not Fertility, Is the Key to Economic Growth
Is America’s declining fertility rate “the root cause of most of our problems”? This was the bold claim made recently by conservative writer Jonathan Last in the Wall Street Journal. Other conservative...
View ArticleHow Much Will Your Life Be Worth With Obamacare?
How much will your life be worth to the federal government under ObamaCare? Less than you might think. We can make an educated guess by looking at which medical screening tests the government U.S....
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