There is a lot of disdain these days for “CEOs”. They are portrayed as selfish, greedy people who don’t think twice about stepping on everyone under them. While I suspect that may be true for some CEOs, the business owners I know are more like the ones described in this posting by Steve Tobak.
Read about the Fair Academic Standards Act 201x.
Cafe Hayek has a compelling quote in this posting.
The heart of it compares the symbols of Production versus Plunder.
“In order to produce, we must direct all our faculties toward the conquest of Nature; for it is Nature that must be fought, mastered, and subjugated. That is why iron beaten into a plowshare is the emblem of production.
In order to plunder, we must direct all our faculties toward the conquest of men; for they are the ones we must fight, kill, or enslave. That is why iron beaten into a sword is the emblem of plunder.”
We have had numerous warnings about the dangers of our slow loss of freedom to government control. This post proposes a new analogy to reinforce this warning.
A classic economic story that illustrates how the free market supports complex systems uses the manufacturing of a pencil to highlight how even seemingly simple objects are complex. This new video does a great job retelling the story in a modern way.
Great quote that I saw on WhatWeThinkAndWhy.com
“There is no perfect society. There are no perfect people. Critics say that greed is the driving force of capitalism. My answer is that envy is the driving force of socialism. Change to socialism is not an improvement on the imperfections of the current system.”
Svetlana Kunin – American Citizen – Russian Immigrant
The Obama administration is set on raising the tax rates on the wealthiest Americans. Why? Because it is only “fair”? One would think that the argument would be centered around the need for more revenue for the government to reduce the annual deficit.
Unfortunately, the recent attempt to do this very thing in Great Britain has had an “unexpected” (at least by its head-in-the-sand liberal proponents) negative affect. How else to do you explain a significant increase in the top tax rate that resulted in LOWER (not just lower than expected) tax revenue being generated (see Investors Business Daily article).
Basic economics: if you tax an activity, you get less of it since it raises the cost of that activity; if you subsidize an activity, you get more of it as you lower the cost of that activity.
