Lawmakers in Louisville, Kentucky are imposing new regulations restricting consumers’ ability to use popular peer-to-peer economy housing services such as Airbnb and VRBO.
In June, the Louisville Metro Council approved ordinances restricting how and where people may use the services, which connect tourists seeking short-term housing and hosts providing places to stay on their property.
The ordinances impose new fees and licensing requirements and prohibit property owners’ participation in peer-to-peer economy services in certain parts of the city.
Free Markets in Action
Jim Waters, president of The Bluegrass Institute for Public Policy Solutions, says the peer-to-peer economy, also referred to as the “sharing economy,” is a good example of how free markets work.
“The sharing economy functions more like a true free market,” said Waters. “For the most part, it puts buyers directly in contact with suppliers without government, unions, regulators, middlemen, conglomerates, and other...
Mississippi Gov. Phil Bryant (R) signed into law a bill temporarily legalizing daily fantasy sports while lawmakers consider how to deal with the popular industry.
Daily fantasy sports services allow players to compete online by selecting professional athletes for fictional “fantasy” teams. Teams compete by comparing real-world performance statistics over an agreed-upon period. Teams with the best results often win prizes or cash.
In addition to legalizing daily fantasy sports until July 1,...
While governments at all levels struggle to achieve their claimed desire to lead people out of poverty, a small group of Christian women in Alabama is tackling the problem directly, without the need for taxpayer funds or government administration.
Although their work often goes on without much fanfare, the donation of an annual award for excellence in scientific inquiry is putting the spotlight on the good deeds performed by the Christian Women’s Job Corps of Madison County, Alabama.