Stories in Economic Musings
I've long been a Bitcoin skeptic, not necessarily seeing the point of it. While I've kept passing tabs on its progress, I did not think it was viable, or worth much beyond pure speculative game play, a forum for making bets that today are up quite a lot.
A couple weeks ago NPR's Planet Money and This American Life had some really great episodes about the broken patent system. These are great stories for people who don't understand why patents are a problem, but they overlooked a couple of crucial points.
Ok. Generally I avoid off-color language, but I've got yet another rant to get off my chest. And while it's mostly off-topic for this blog, I promise to connect the dots...
For a time, "economies of scale" meant that the key to success was making a business bigger, and focusing on nothing more than profit. Sell more products however you could, and cut costs as much as possible. This is no longer the case.
A friend of mine posted a story on Facebook that purports to explain income taxes, with beer. This led to a long discussion largely in support of its conservative message. I've found it on a few forums, purportedly by David R. Kamerschen, Ph.D. Professor of Economics University of Georgia. Here it is:
This week I'm at the Open Source Convention in Portland, aka OSCON. First impression, before showing up: it seems all focused on big business. Big ticket price. Lots of enterprise-related topics, and sponsors. Not really the meeting of geniuses and thought leaders as years past--or so I thought.
I was listening to the latest episode of LugRadio the other day, and they had a discussion on vendor lock-in by open source distribution companies.
I've spoken with a lot of entrepreneurs around Seattle, who have a misconception that using open source might somehow force them to give away their intellectual property. Intellectual Property is a hot topic around here, and entrepreneurs are told regularly how they need to have some to get funded.