New York Rejects Free Market Innovation, Passes Law Killing Airbnb


Sometimes the crony capitalism is subtle. Sometimes it is obvious. This is one of those obvious times.

I have to say that I spent a week in Brooklyn a few years ago in an Airbnb place and it was great. But I guess I won’t be staying in Hipsterville again anytime soon.

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The (Crony) NFL Is in Decline


Football was the only sport I was ever really good at and I used to love it. (Though I abandoned playing by junior high.)

I was a pretty good soccer player. I loved and love surfing, though at my very best I still wasn’t an “A” or even “B+” level surfer. I’m a reasonably good golfer. I used to play a lot of tennis. But football was the only sport where there was even the glimmer of something extraordinary for me.

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Thousands of California soldiers forced to repay enlistment bonuses a decade after going to war


This is really pretty terrible. If the soldiers had taken these bonuses with the knowledge that they were improper, that is one thing. But it doesn’t look like this is the case. It appears that the California National Guard wasn’t meeting its recruitment targets and so gave out the large bonuses, which were outside of the rules, to make these numbers. Now the Pentagon is trying to recoup these improper bonuses from retired and current military war fighters.

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Janet Yellen could be on the verge of starting a ‘civil war’ at the Fed


Boy, “civil wars” seem to be breaking out all over. Republicans, Democrats (though they seem to have crushed dissent), and now the Fed.

It seems like there are multiple Fed Chairs now since Yellen officially took the helm. Stanley Fischer almost feels like a Co-Chair instead of Vice-Chair.

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Millennials vs. Mutant Capitalism


We don’t call it “mutant capitalism,” we call it crony capitalism. But the main point made in the attached article is vitally important.

What many young people know as “capitalism” is not capitalism. They’ve known only crony capitalism. Many young people have never seen a world in which the economy was allowed to breathe and one where people were generally free to start businesses and carve out a claim while helping fulfill the needs and desires of their fellow humans.

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