Tag Archives: regulations

The One Minute Case Against “Net Neutrality”

What is “net neutrality?” To borrow Senator Ted Stevens’s infamous analogy of the Internet to a series of tubes, imagine a network of pipes connected by switching stations. The width of a pipe (bandwidth) determines the volume of messages (packets) than can be sent through it. Packets arriving at a switching station wait in a …

June 8, 2007 – 5:30 pm | By David Veksler | Posted in Economics, Politics | Tagged , , , | Comments (23)

The One Minute Case For “Price Gouging”

“Price gouging” is a derogatory term for “unfair” prices on goods, typically in an emergency. The problem is that the perception of “unfairness” is totally arbitrary and stems from an ignorance of basic economics. Rather than create “fair” outcomes, “price gouging” regulations create the very problems they are supposed to solve. What are prices? A …

June 5, 2007 – 6:28 pm | By David Veksler | Posted in Economics, Politics | Tagged , , | Comments (1)