Fast-food workers have begun protesting their low wages. (Yes, I know fast food isn’t good for you, but that’s immaterial here.) “We are worth more,” their signs read. Are they? How can they know? If they were worth more, other firms would have captured their extra worth… Read More
Archives for August 2013
From the Daily Mail, with thanks to William: A convicted criminal who was serving out his sentence in a monastery has escaped for the second time and asked to be sent back to prison because life was too tough. Thief David Catalano, 31, was sent to a Santa Maria degli… Read More
The Ubuntu Edge , described below, raises interesting possibilities for how all sorts of large-scale projects, assumed to require government funding, might instead be paid for. In the car industry, Formula 1 provides a commercial testbed for cutting-edge technologies. The Ubuntu Edge project aims to do the… Read More
I turn 41 today. Boo.
Mises University, the Mises Institute ’s week-long summer program, ended last Saturday night. I attended this program as a student 20 years ago. It got me started in Austrian economics . There would very likely not have been a Meltdown had I not attended. I’ve already linked to my opening remarks at… Read More