Drop in the Ocean of Prosperity
Posted in Standards of Living on Nov 12th, 2010
That this is a headline says volumes about how well off we are in the year 2010 as compared to the past: “Cruise passengers endured stench, cold food“
Daily Archive for November 12th, 2010
Public – Private Paradox
Posted in Property Rights on Nov 12th, 2010
Many innately “useless” objects in society seem to have great exchange value, much to the consternation of the cultural stewards. For example, there is a thriving market for tiny plastic ornamentation to decorate your rubber sandals with. I argue elsewhere that this is not “useless,” but that is not the focus here. Consider why Jibbetz […]
