100 Entrepreneurs Who Changed The World

We hear about it all the time. After a natural disaster, or during times of civil unrest such that transpired recently in Ferguson, businesses price gouge items in high demand. Water or a ride away from a dangerous area become expensive commodities. The instinct is to chastise such actions as immoral and selfish. But a…

Given the actions of the Federal Reserve, particularly over the last twenty years or so, we have become accustomed to the fixing of interest rates as normal. Indeed, there appear to be benefits for many from such policies, at least in the near term. After all, given mortgage rates as low as 2% to 3%,…

Photo by Pimthida 10. Kindle E-books Publishing books has never been easier thanks to Amazon Kindle, which has opened up a new window not only for writers but also those willing to pay others to create works that they can sell. Most of the money to be made here by those who aren’t looking to…

Photo by teapartycheer Thomas Sowell (1930) The current senior fellow at Stanford University’s Hoover Institute, Thomas Sowell was born in Gastonia, North Carolina, and grew up in Harlem, New York. After dropping out of high school and serving in the Marines during the Korean War, Sowell received degrees from Harvard, Columbia, and the University of…

Photo by 401(K) 2013 10. Socialism provides security The temptation of socialism is constantly luring us with the offer: “give up a little of your freedom and I will give you a little more security.” As the experience of this century has demonstrated, the bargain is tempting but never pays off. We end up losing…

Regulatory Capture is a  process by which regulatory agencies become dominated and directed by the corporations or special interests they are supposed to be regulating. It’s like putting the mafia in charge of writing regulations for bookmaking. Most generally associated with Nobel laureate George Stigler and postulated as an actual theory in the early 1970’s,…