Quick Shot on Capitalism

Capitalism is the only system that creates economic efficiency as value is created. When not distorted by external forces, capital flows to areas of need where it can be most effectively used to create that value. It causes organizations to employ human capital and raw materials in just the right amount to produce value at…

I Was Told There Would Be No Math

There are two mathematical concepts that almost everybody intuitively knows – even if you attended public schools anytime within the past 30 years or so. The first is called the Law of Large Numbers, a mathematical rule that states that “as the number of trials of a chance experiment increase, the experimental probability of an…

32 Random Things Every Graduating High School and College Senior Should Know

Here are my random words of advice to those about to enter the real world from the “safe space” of the educational complex. What follows (in no particular order) is a mix of things my grandparents and parents taught me, what I learned from great philosophers and the lessons I have learned over the years…

Economic Freedom = Individual Freedom

“There’s no justice in the distribution of income and wealth. I never would argue there is. Those who are wealthy don’t deserve to be wealthy anymore than those who are poor deserve to be poor. It’s pure accident. And we — but if you start to look at things that way, you’re going to go…