"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Airbnb: Regulation without Government
Submitted by Westernerd on Thu, 2016-04-21 03:00
The market process generates countless mechanisms to “regulate” business transactions. Once we know what to look for, we see that not only isprivate regulation possible, but we have every reason to prefer it to political regulation. The case of Airbnb is a perfect example.
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