Reductio ad absurdum is a perfectly valid form of argument. http://en.wikipedia.org/wiki/Reductio_ad_absurdum
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aprime
Doesn't this only prove that there cannot be an efficient market for these special "Turing machine" bonds?
Is it possible to create an iphone app and put it on just your iphone (i.e. no distribution) using this software ?
Ofcourse I mean without jail-breaking the iphone or without enrolling in the iphone developer program.
Has anyone here tried this?
nextNY may be close to what the author envisions: http://www.nextny.org/
"that said, it's also a common mistake of free marketers to think of a work disincentive as inherently bad"
The article points to work disincentives created as unintended consequences of (a combination of) other apparently unrelated policies. Are you suggesting that since work disincentives are not bad, its okay for them to be created this way?