Planners with Skin in the Game

My daughter is getting married this weekend. Everything seems to be falling into place after more than a year of planning, with lots of thought, effort, and logistical juggling. After being involved in weddings through the years, she, they, had a pretty good idea of what they wanted. They took Continue Reading →

Economics In One Page

“What makes it [economics] most fascinating is that its fundamental principles are so simple that they can be written on one page, that anyone can understand them, and yet very few do.” Nobel Laureate Milton Friedman made that profound statement in the last line of his autobiography in “Lives of Continue Reading →

Good Inequality, Not Bad Inequality

Inequality of results is often viewed as a bad thing, as though the good fortune of one comes only at the expense of others. It is the “fixed pie” or win/lose concept of society. Under this type of thinking, the ideal situation is a perfectly even spread of income and Continue Reading →

Information Is the Answer to the Question

I recently had questions relevant to what I was doing, so I typed queries in a search engine. In one of them I came up with more than sixty-eight million possibilities for web sites to read. Unfortunately I was not able to quite make it through all of them to Continue Reading →

Truth Doesn’t Change with Time

An idea is true when it is an accurate reflection of reality. Like the parable of the blind men and the elephant, our views of it may represent only a small part of the whole truth. The man who feels the trunk has a different experience than he who feels Continue Reading →

Whose Free Lunch Are You Paying For?

There is no such thing as a free lunch. I learned it as the acronym TINSTAAFL. It is, of course, true. If your friend buys your lunch, it may be free for you, but your friend ends up paying for both. If, instead, the restaurant owner says it is on Continue Reading →

Willful Ignorance in Wage Gap Discussion

With the official “Equal Pay Day” behind us, we have heard over and over that woman workers in America earn significantly less than men do. So much of the discussion embraces a willful ignorance of important facts and principles that it begs further insight and a deeper look. Many writers Continue Reading →

Life Is A Marathon

A marathon usually starts with the competitors lined up at the starting line, and the rules of the game indicate that the winner is the one who crosses the finish line first, more than twenty-six miles away. Marathons usually have many participants, often numbering in the thousands. They all have Continue Reading →

Central Planners of Silicon Valley

It may seem strange, but there are people in Silicon Valley who have significant characteristics in common with Soviet dictators of the last century. Of course they don’t seem to have the tendency toward brutal repression and violence, but what they do have is the mindset that things are wrong, Continue Reading →

Optimistic Outlook with Limiting Factors

People do things for a purpose. They go to work, they clean their houses, and cook meals for a reason. For every action that we consciously take, we have some purpose in mind, and we use some means to achieve it. That means is a process, sometimes very simple, but Continue Reading →