Showing posts with label wisdom. Show all posts
Showing posts with label wisdom. Show all posts

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


Walter E Williams: Our Forgotten Statesman

James Madison should have a holiday.  George Washington, our first president, is probably our greatest and most decent statesman. We celebrate Washington's Birthday each February. But March 16th marks the birthday of probably the second-most important and decent American, James Madison. Madison became our fourth president, but his   ... MORE

Ray Williams: The Cult Of Ignorance In The United States: Anti-Intellectualism And The "Dumbing Down" Of America

The rise of the idiot in America.  There is a growing and disturbing trend of anti-intellectual elitism in American culture. It's the dismissal of science, the arts, and humanities and their replacement by entertainment, self-righteousness, ignorance, and deliberate gullibility. Susan Jacoby, author of The Age of American Unreason, says in an article    ... MORE

Time For Trump Rivals To Consolidate To Save America

by Thomas Sowell.      The Super Tuesday primaries may be a turning point for America — and quite possibly a turn for the worse. After seven long years of domestic disasters and increasing international dangers, the next president of the United States will need extraordinary wisdom, maturity, depth of knowledge and personal character to rescue  ... MORE

Thomas Sowell: Random Thoughts On The Passing Scene

Musings of a wise man.    Will this November's presidential election come down to a choice between a felon and a pied piper? People who call Barack Obama a lame duck president seem not to have noticed that he is exercising more power than ever, and has turned the Republican Congress into a lame duck branch of government. The best New Year's    ... MORE

Mike Reid: The Hitchhiker’s Guide To Charity

Economic principles can save your life.    His gaze flicked over my backpack. “You have to put that in the back,” he said. “I don’t know if you have a knife in there.” If I knew then what I know now, I would never have gotten into that blue Pontiac. By that time, I’d hitchhiked thousands of miles with hundreds of different drivers, and they were almost   ... MORE

Augur Could Be The Greatest Gambling Platform In History. Is There Anything The Government Can Do To Stop It?

by Jim Epstein. The wisdom of the crowds. An online gambling platform could do to the neighborhood bookie what electric refrigerators did to the ice delivery man. Coming this fall, Augur will allow participants to wager money on any future event of their choosing. Software will set the odds, collect the bets, and disperse the winnings. The price alone    ... MORE

No One Owes You Anything

Harry Browne's christmas gift to his 9-year-old.   Every once in a while you come across something that really sticks with you. You read the article, and it wrenches your mind in a direction that you are unfamiliar with. It leads to an “ah-ha!” moment. A few weeks ago, I came across one of these. Harry Browne, former Libertarian Party      ... MORE

Walter E Williams: Culture and Social Pathology

"Greatest generation" failed to transmit moral values.    A civilized society's first line of defense is not the law, police and courts but customs, traditions, rules of etiquette and moral values. These behavioral norms — mostly transmitted by example, word of mouth and religious teachings — represent a body of wisdom distilled over the ages  ... MORE

VIDEO: Thomas Sowell - Wealth Disparity

F.J. Rocca: Eric Hoffer's Wisdom

He loved America's fundamental unit, the individual. May 21st marked the 32nd anniversary of the death of American philosophic icon, Eric Hoffer. Although his biography is somewhat murky, there are facts of which we can be certain. Eric Hoffer was a self-educated, deeply sentient observer of not only the American civilization but of mankind in   ... MORE

John Stossel - No Gatekeepers

Crowdsourcing works.   For years, people assumed encyclopedias had to be created by professionals.   Then Wikipedia founder Jimmy Wales attempted to create an encyclopedia without central planners.   That sounded like a terrible idea to the old gatekeepers — people who hired experts to carefully fact-check and edit every encyclopedia    ... MORE

Steven Pinker: Why Free Speech Is Fundamental

Ideas matter.      More than two centuries after freedom of speech was enshrined in the First Amendment to the Constitution, that right is very much in the news. Campus speech codes, disinvited commencement speakers, jailed performance artists, exiled leakers, a blogger condemned to a thousand lashes by one of our closest allies, and the      ... MORE

Libertarians: Looking For Results Or Self-Congratulation?

by Sheldon Richman.     When I was researching my recent article on Nathaniel Branden, who died last month, I came across an audio file of a talk Branden gave at the 1979 Libertarian Party national convention in Los Angeles. I was at the convention, but I don't remember attending the talk. I might have been busy with other things; on the other hand, I    ... MORE