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Photo by LendingMemo “There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.” Contrary to popular belief, businesses…
10 Facts on the Economics of Weed
Photo by prensa420 5. Hemp is the future We have all heard a stoner or two bloviate about how “Washington and Jefferson grew weed.” That stoner is technically correct, but hemp is a rather different thing than the sticky, icky, that dude thinks Ben Franklin and the boys were blazing. If an acre of hemp…
10 Ways To Save Money While Traveling
Photo by WarzauWynn 6. Take public transit Many people hate their commutes, so the prospect of taking public transportation while on vacation is far from appealing. Taxis and other forms of private transportation quickly add up though, so it is a considerable trade off. Depending on where you are, how long you will be there,…
The 10 Worst US Cities to Live In
Photo by Drriss & Marrionn 5. Memphis, Tennessee With a population of 655,000, Memphis is the largest city in Tennessee as well as the largest city on the Mississippi River. It has been in the top 10 dirtiest cities in the US for a number of years. The median income for a household in the…
10 Ways the Greek Government Screwed Their Economy
Photo by 0neiros 6. The immense power of the labor unions was left unchecked The government let the unions control the nation. Even in the already too generous public sector, the government workers were members of the most powerful and demanding unions. They could amass large and often violent protests whenever something went against their…
Freedom is not Absolute: The Subjective and Relative Nature of Human Liberty
Recently I came across a friend who was espousing that Americans were not truly free. How can anyone who is supposedly free be required to pay taxes, they asked? Freedom is absolute, they proclaimed; you are either free or you are not. But freedom is not absolute. It is a relative and subjective concept. Freedom…