As online commerce expands, so will the advent and use of digital currencies. Economists are divided over whether such currencies could retain value and whether or not they are sound enough to compete with physical currencies. That won’t stop the techies and those who seek anonymity from developing and using them. As the marketplace becomes more and more virtual, it’s inevitable that currencies will follow.
3. Regulation The best way to ensure kids don’t use drugs is to legalize them. To many who haven’t studied the issue, this seems counter intuitive. Obviously though, if criminalization succeeded at those ends, we would have eradicated drug use by now. Today kids have a harder time getting alcohol than drugs, the primary reason…
Photo by roberthuffstutter 3. It inspired the US Constitution and the Bill of Rights Not only did the Magna Carta become a “springboard” for Jefferson’s revolutionary Declaration of Independence, the concepts of law as supreme (above even kings or legislative bodies) were drafted into the United States Constitution by James Monroe. The Bill of Rights,…
Photo by ~MVI~ (warped) 8. New Orleans, Louisiana New Orleans is a great city to visit, but living there year round is a different story. New Orleans suffers from some of the highest crime rates in the country and it also has one of the worst toxic-substance records. New Orleans has still not recovered from…
Photo by David Masters 3. Printing press A printing press is a device for applying pressure to an inked surface resting upon a print medium (such as paper or cloth), thereby transferring the ink. Typically used for texts, the invention and spread of the printing press is widely regarded as the most influential event in…
Brick and mortar retailers have long complained that state and local sales taxes put them at a disadvantage against Internet-based retailers. When a resident of La Mirada California buys from a local store, they pay a 10% sales tax on their purchase. This includes sales taxes from the city of La Mirada, the county of…
Many people, including some who generally support free market principles, consider water to be a human right. To be fair, it is a natural resources that is every bit as important to life as oxygen, which is, of course, free. The overwhelming majority of people in the First World take it for granted, and those…