Free Market – Sound Economics

Verizon’s 5G Rollout

Posted on April 5, 2019 by Tyler Brazelton — 1 Comment ↓

This past Wednesday, Verizon introduced 5G capabilities in the cities of Chicago and Minneapolis. In doing so, Verizon became the first telecommunications company to serve its customers with the new technology. Although there have been complaints about spotty service and inconsistent coverage, these appear to be only temporary delays which are expected when a new technology is introduced to the public. As Verizon and other telecommunications companies optimize their 5G capabilities, the general public will be able to utilize the technology without a hitch. 5G wireless networks will prove as tremendous improvements over current 4G technologies. In fact, estimates put current Continue reading Verizon’s 5G Rollout→

The Economy as a Complex Adaptive System

Posted on April 13, 2016 by Matthew Moreno — No Comments ↓

Lately, I’ve been reading up on emergent phenomena, systems in which complex behavior “emerges” from small scale interactions between relatively simple elements. Free market economies is a poster child of emergence–no one entity plans out every actor’s behavior. Rather, resource allocation decisions “emerge” from the local interactions of a large number of economic actors. I found some of the comments that Keith Downing made on free market economics in his book “Intelligence Emerging” fascinating, and figured I’d share them here for you all to appreciate. The eye-opening fact that the world works without excessive global manipulation and without many guarantees may initially Continue reading The Economy as a Complex Adaptive System→