Walter E Williams - Compensating Differences

What economists call an ability to make "compensating differences" is a valuable tool in everyone's arsenal. If people are prohibited from doing so, they are always worse off. You say, "Williams, I never heard of compensating differences. 

What are they?" Jimmy Soul's 1963 hit song, "If You Wanna Be Happy," explained the concept of compensating differences. His lyrics went: "If you want to be happy for the rest of your life, never make a pretty woman your wife. So from my personal point of view, get an ugly girl to marry you." His point was that an ugly woman would treat you better. But more importantly, a less attractive woman's willingness to compensate for her differences enables her to effectively compete with a pretty woman. ... MORE

Steven Greenhut: How Regulators Quietly Drive Up Costs

Seen and unseen.    California political observers are understandably fixated on the goings-on in the state legislature, which is the living embodiment of what New York Judge Gideon Tucker wrote in an 1866 ruling: "No man's life, liberty or property are safe while the legislature is in session." Reporters and commentators also focus on major legal  ... MORE

VIDEO: John Stossel - Individual Innovation

VIDEO: The Free Market - Understanding Milton Friedman

New York Yankees Don't Understand The Free Market

by Anthony L. Fisher.     The New York Yankees are known for being Major League Baseball's financial juggernaut, taking in monstrous amounts of revenue while putting out rosters with payrolls that frequently push the $200 million mark. Historically, they have unapologetically embraced capitalism, usually to the benefit of their fanbase. That is, until  ... MORE

John W. Whitehead: Television, Football & Politics: Gaming Spectacles Designed To Keep The Police State In Power

Freedom is an action word.    When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience and their public business a vaudeville act, then a nation finds itself at risk;    ... MORE

VIDEO: Edgar The Exploiter

VIDEO: Richard Epstein - Income Inequality

VIDEO: John Stossel - Rule Breakers Promoting Freedom

VIDEO: Milton Friedman: The Way To Improve Schools

VIDEO: Is The Free Market Survival Of The Fittest?

VIDEO: Local Police Vs. National Police

Walter E Williams: The Struggle For Economic Liberty

The war against Uber, Lyft and consumers.  Where public utility commissions decide who will have the right to go into the taxi business, a prospective entrant must apply for a "certificate of public convenience and necessity." Lawyers for the incumbent taxi owners, most often corporate owners or owner associations, appear at the hearing to argue that ... MORE

VIDEO: Why Thieves Hate Free Markets

VIDEO: Does Capitalism Exploit Workers?

VIDEO: Dinosaur Wars - When Competition Goes Extinct

Manny Pacquiao Perpetrates Fraud, Commits Perjury In Order To Cash In On Huge Payday, Risks Disciplinary Action

We expect politicians to lie, but boxers?   Manny Pacquiao faces a potential lawsuit after failing to disclose a shoulder injury before his defeat by Floyd Mayweather. Pacquiao will spend up to a year on the sidelines as he prepares to undergo surgery on his torn rotator cuff, an injury he suffered in training. But the Filipino star could also be    ... MORE

Thomas Sowell: Anti-Trust Law And Lawlessness

Law should not be sacrificed to political expediency.    We all make mistakes and some of us learn from them. What is even better is to learn from other people's mistakes, where they pay for those mistakes while we learn free of charge. Many Americans who say that we should learn from other people, especially Europeans, mean that       ... MORE

VIDEO: John Stossel - Buy American

Walter E Williams: Self-Enforcing Discrimination

How do-gooders handicap the poor. Black politicians, civil rights organizations and others who say they are concerned with the welfare of poor black people often support harmful measures. One of the most effective tools for disadvantaged people is to be able to charge a lower price for what they sell and pay a higher price for what they buy. ... MORE