Why profit is not a dirty word

My last post discussed how much profit is ‘normal.’ Sticking with the profit theme, this time I’ll try to explain why profit should not be a dirty word. I will make the case that profit is nothing to be ashamed of. Profit serves useful purposes and is needed to achieve broad prosperity. Dislike of profits … Continue reading Why profit is not a dirty word

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Is net neutrality good or bad?

I’m writing about ‘net neutrality’ this week because someone asked me to, and because it’s a hot topic. However, I admit up-front that I am no tech expert. With that caveat, let’s look at what’s going on. Background The internet started to become a big thing in the mid-1990s. The internet market was quite free … Continue reading Is net neutrality good or bad?

US not the beacon of freedom you think

Historically, the US has been known as a beacon of freedom. Unfortunately, that reputation has become tarnished over the past ten to fifteen years. I’m referring to economic freedom, not political freedom. Economic freedom means that each person is free to work, produce, consume, and invest as they wish. This involves personal choice, voluntary buying … Continue reading US not the beacon of freedom you think

I know nothing

OK, stop laughing. I just want to clarify that although I am a know-it-all smarty-pants when I praise free-market capitalism or criticize Big Government, that only applies to overarching principles. I do not claim to know the specific paths that others should follow in their economic lives. I don’t know which jobs and careers people … Continue reading I know nothing