Overstock.com’s Patrick Byrne On Internet Sales Taxes, Naked Short Selling & Regulatory Capture

Posted by admin on May 1st, 2010 and filed under Investing. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry


Reason.tv’s Nick Gillespie sat down recently with Patrick Byrne, the CEO of Overstock.com, the online retailer famous for sexy ads (”It’s all about the O”), low, low prices, and hyperattentive customer service. Born in 1962 and now living in Utah, Byrne holds a Ph.D. in philosophy from Stanford and serves as the co-chair (with Rose Friedman) of the Friedman Foundation for Educational Choice. He is the former manager of Blackhawk Investment, a cancer survivor, and a black belt in tae kwon do. An outspoken critic of online sales taxes, Byrne is a self-declared libertarian who champions short-selling while adamantly opposing the more-controversial practice of “naked” short-selling. From his journalistic perch at the blog Deep Capture, he and his colleagues regularly chart the ways in which regulators routinely stifle innovation and maintain a status quo that favors connected firms at the cost of competitors and consumers alike. Raised in New Hampshire, Byrne describes himself as a former “Yankee Republican” who has never felt comfortable with anti-market Democrats and no longer recognizes the GOP as the party of small government and individual liberty. In this 10-minute interview, Byrne explains why school choice is the key issue of our day, how bad regulations contributed to the current economic crisis, and why “the government should pave the roads, run the Post Office, and stay off my porch.” Filmed by Dan Hayes and edited by Meredith Bragg.

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23 Responses for “Overstock.com’s Patrick Byrne On Internet Sales Taxes, Naked Short Selling & Regulatory Capture”

  1. TheSuperluckylis says:

    have very Bad!!! service, send broken furniture, and we are compelled to have the truck to send back this broke

  2. SIKININ says:

    reprucussions from challenging the elite what do you work at GS

  3. msshrinkrap says:

    Mr. B should just perhaps stop pointing fingers at others and take care of his own companies ethics. A few filed complaints with the State of Utah against O/S: Violation of Civil Rights, Fraud, Discrimination, Violation of Freedom of Speech, plus, defamation of character, which O/S will not respond too! Not only do large companies like the SEC “sell and not deliver!” So, Mr. Brynes, tell us again, who did what to whom??

  4. remaxjon says:

    needs more views

  5. aallppiinnee says:

    why does Nick Gillespie always have to dress like a child molester?

  6. terr547 says:

    This video is VERY high quality. I like!

  7. AshillaBeige says:

    They really, really aren’t. They only seem that way if you don’t really know much about political ideologies.

  8. MrMP81 says:

    the modern state is a cancerous form of polity that has metastasized and poisoned the natural institutions from which the state derives all legitimacy—family, church, corporation (in the broadest sense), and neighborhood. Thus, it is almost always a mistake to try to use the modern state to accomplish moral or social ends

    - John Calhoun

    Doesn’t seem like the state is favored there… ( we can take this on private messages lol )

  9. chevydriver1123 says:

    I think you have it abit backwards. Paleos want the government to enforce morality and support economic protectionism while Libertarians are viewed as more anarchist and support very minimal government.

  10. MrMP81 says:

    lol I’m reading it now, more in depth this time around. It seems they actually don’t like eachother, period.

    The Paleo seems to be more anarcho while the Libertarian seems more in recognition of a state to provide certain things.

    interesting…

  11. chevydriver1123 says:

    Well there is a difference, while Paleos and Libertarians are united in foreign policy and certain tax views. They conflict on social views like the war on drugs and gay marriage for example.

  12. MrMP81 says:

    I looked up to read on what Paleoconservative was ( when I saw Alex’s bio a while back and it being mentioned in there ) I don’t get all these labels, they are all practically the same *shakes head*

  13. chevydriver1123 says:

    Actually Paleoconservativism is the old right of the Republicans but Libertarianism is the better ideology.

  14. bertly71 says:

    This administration will look to tax everything and anything. They have to pay for all of these free social programs.

  15. MrMP81 says:

    Patrick Byrne could have said it best about Libertarianism this way:

    “Libertarianism Is The Old Right Of The Republican Party”

  16. areosis says:

    talking to people in that manner is not productive, I acquired my education within an indoctrinated system and the interview is still reasonable

  17. austinisi says:

    I meant that Byrne wasn’t fluid in his delivery. There were several awkward pauses.

  18. ALittleBitPregnant says:

    The Republicans should listen to him.

  19. thomaserossi says:

    Only for you, anyone else who acquired their education outside of an indoctrinated system it’s perfectly reasonable.

  20. austinisi says:

    awkward interview

  21. sockmess says:

    the only problem i have is that the volume is low for all the Reason vids.

  22. MooseOfReason says:

    We have friends in high places. Very cool.

  23. mindtriplx says:

    smart guy. overstock will get my biz.

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