John Nash, R.I. P.

John Nash, winner of the Nobel Prize in Economics for his work on game theory (“Nash equilibrium”) and his wife were killed in a taxicab crash yesterday.  God bless them both, and may they rest in peace.

They would be alive today had they taken an Uber car instead of a car driven by a member of the state-sanctioned taxicab monopoly regulatory regime.  Anyone who has ever ridden on one of the wildly speeding/recklessly driven/seatbeltless New York/New Jersey taxicabs knows what a farce it is that the taxicab monopoly claims that, because it is so heavily regulated, it is supposedly safer than Uber.  Competition makes products and services safer; state-sanctioned monopoly does the exact opposite and makes them more dangerous.

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9:34 am on May 25, 2015