100 Entrepreneurs Who Changed The World

5. Value Value is subjective. A bottle of water is worth a lot more to a man dying of thirst in the desert than it is to the man who lives next to a natural spring. When a natural disaster hits, the media often chastises those who bring in water and food from outside areas…

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,…

Defense Spending What the Right believes: Defense spending is high because America has the best military in the world. Spending more on defense means better security and a safer America. The Truth is: Exuberance and waste plague Pentagon and State Department spending. When it comes to government waste, the Pentagon is undisputed king. Since 1996…

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…

Bitcoin and other crypto currencies exploded into the world this year. As the value of bitcoin soared, optimists declared we were seeing the beginning of a new world. Realists warned us, however, that it was a bubble, that Bitcoin had no real value. It appears, for now, those skeptics were right, as Bitcoin is currently…

Government Spending- What the Left believes: Government spending stimulates economic growth. Government spending ending the Great Depression. The Truth is: Government spending expends capital, usually without any return in sight. The money government spends was taken from the private sector where it would be used to stimulate real economic activity. Every penny the government spends…