PayPal's Private Governanceby EDWARD STRINGHAM
Mar. 06, 2013
NSA Whistleblower Says NSA Spied On Congress, The Supreme Court And Trump
France: Muslims Pray In Streets Of Paris To Protest Mosque Closure
Carlson: "U.S. Has Imported A Foreign Criminal Class That Operates A Multi-Billion Dollar Drug Trade"
Trump Was Right: Jewish Teen Arrested For Bomb Threats To Jewish Centers
Antifa Thugs Beat Down & Arrested For Attacking Trump Supporters At Huntington Beach Rally
Markets have a long history of generating rules and enforcement mechanisms from within (endogenously) rather than requiring market participants to wait for the State. Instead of attributing the success of markets to government bureaucrats and elected officials, we should instead thank PayPal founders like Peter Thiel, Max Levchin, and other providers of private governance who help make markets work.