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The Department of Transportation Wants Drivers to Get Lost

Technology is continually frustrating government regulators. The advance of innovation is so rapid, that slow-moving bureaucracies have had to struggle just to keep up. Of course this hasn’t stopped them from trying. After all, what is the alternative? Letting people enjoy the benefits of new goods and services without interfering or meddling in any way? Obviously, they can’t have that.

"The FDA Is Trying to Ruin the Mobile App Market"
"By regulating health care apps out of existence."

The FDA Is Trying to Ruin the Mobile App Market

In most basic economics textbooks, which, for all their faults, mostly recognize the virtue of free markets, the only rationale given for government intervention in the economy is a so-called “market failure,” a situation where no efficient outcome can be reached purely through voluntary exchange.

"Keep the Digital Wild West Wild"
"Government regulations are stifling new and innovative business models."

Keep the Digital Wild West Wild

UPDATE 6-5-2014: In their continuing efforts to ruin all that is good and decent in the world, the Virginia Department of Motor Vehicles has sent cease and desist letters to two car service companies, Uber and Lyft, operated through mobile apps. While these services provide safe, efficient, and affordable options for people to get from point A to point B, the DMV apparently thinks it is more important to protect the oligopolies of cab companies, not to mention their own revenues, than to allow consumers to buy services they overwhelmingly enjoy.

Will the FDA Hold Back Medical Innovation?

Will the FDA Hold Back Medical Innovation?

Kurzweil’s Law of Accelerating Returns is the observation that as technologies advance, the rate of change continuously increases. Innovations build off previous discoveries, so that the greater the aggregate level of technology, the more potential there is for further advancement. Now that the Internet has made the entirety of human knowledge readily accessible to anyone who cares to look, opportunities for invention have never been greater.