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.
9:34 am on May 25, 2015