Showing posts from April, 2020

In Defence Of Free Trade

Earlier today, I finished reading The Worldly Philosophers . It is one of the most fascinating books I have ever read. The following excerpt might tell you why:  "When the Chamber of Deputies in the 1840s legislated higher duties on all foreign goods in order to benefit French industry, Bastiat  turned out this masterpiece of economic satire:  PETITION OF THE MANUFACTURERS OF CANDLES, STREET LAMPS, SNUFFERS, EXTINGUISHERS, AND THE PRODUCERS OF OIL, TALLOW, RESIN, ALCOHOL, AND GENERALLY EVERYTHING CONNECTED WITH LIGHTING TO MESSIEURS AND THE MEMBERS OF THE CHAMBER OF DEPUTIES  GENTLEMEN,  We are suffering from the intolerable competition of a foreign rival, placed, it would seem, in a condition so far superior to our own for the production of light, that he absolutely inundates our national market with it a price fabulously reduced...This no other than the sun.  What we pray for, is, that it may please you to pass a law ordering the shu


Sometimes, the study of the study is more insightful. 

Minority Relationships

People in minority tend to have stronger relationships. 

Venture Capitalists

If you heed the advice of venture capitalists, keep in mind that they are almost always wrong about their highly-analyzed investment decisions.