Jeff Bezos Is Indulging His 11-Year-Old Self And We Love It
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If you had asked an 11-year-old Jeff Bezos to let his imagination run wild and think of the stuff that he would most dream to have as an adult, he might have said:The world’s biggest bookstore! Maybe even a bookstore that can beam any book directly to your hand in an instant (and movies and [...]
‘Production line’ heart surgery
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Division of labor, specialization, and mass production. The result: complex heart surgeries for $1,800 and the head doctor wants to bring the price down to just $800. Now that’s healthcare reform.
Greedy Capitalists or Selfless Socialists?
The hardest thing to do in Greece is to get one Greek to compliment another behind his back. No success of any kind is regarded without suspicion. Everyone is pretty sure everyone is cheating on his taxes, or bribing politicians, or taking bribes, or lying about the value of his real estate.
How to Do Real Social Justice and Feed Africa's Millions
For the last couple of years, I’ve been unhappy with the ”short term missions” model that many churches use. It seems to involve a lot of good feelings about going somewhere else to experience ”true poverty”, working there for 1-3 weeks, coming home, showing lots of pictures of really poor people, and talking about the …
Capitalism Will Feed the World's Poor
I talked earlier this week about capitalism and its blessings, in regard to cleanliness. Consider this, about the blessings of capitalism in regard to food.
What’s so tragic about this is that we know from experience how to fix the problem. Wherever the rural poor have gained access to improved roads, modern seeds, less …
Capitalism: The Anti-Pollutant
Back on Earth Day, Don Boudreaux wrote a nice letter to USA Today.
On this Earth Day, Bjorn Lomborg scrubs with facts the noxious notions and emotions that pollute public discourse about the environment (”Earth Day: Smile, don’t shudder,” April 21). Especially useful is his point that the world’s number one environmental killer …
Goldberg, Smith, and Hayek on Socialism
I recently read two good articles, from Jonah Goldberg, on socialism.
Capitalism vs. Capitalists
If by ”capitalist” you mean someone who cares more about his own profit than yours; if you mean someone who cares more about providing for his family than providing for yours; if you mean someone who trusts that he is a …
An example of private property helping the poor
I finished listening to an old EconTalk podcast, during my commute this morning. Russ Roberts was talking to Karol Boudreaux about her fieldwork on property rights and economic reforms in Rwanda and South Africa. They spent the first half of the conversation talking about Rwandan reforms and the second half talking about South African reforms. …
Don't Fear the Rich
Who should you fear more, rich people or your local government bureaucrats? That’s an easy question. You should fear the nice lady down at Village Hall. She has far more control over your life than any member of the upper class.
Walter Williams states it beautifully.
Warren Buffett and Bill Gates, with about $60 billion …
The Blessings of Used Book Sellers
It seems that some people get annoyed when used book sellers visit library book sales.
Book dealers armed with handheld ISBN scanners are threatening to take over the used book sales run by volunteer fundraising groups for the Madison Public Library system, Morris said.
The scanners tell them how many copies …