Tuesday, April 10, 2007

A misguided thought,

You often hear people complain about sports stars making lots of money.
You hear similar complaints given about high paid CEO's. Here is one thing that such complainers don't consider... If a rich CEO or athlete fails to receive a lot of money,
it doesn't follow that you will get the money instead. The person complaining about Bill Gates making lots of money isn't likely to make a dime more even if the government were to put a limit on the amount of money that Bill Gates could make. Easy lessons like this make Capitalism fun to learn.

Thursday, March 08, 2007

The anti-Capitalists lack the wisdom of Homer Simpson,


Maybe even simple minded Homer Simpson understands simple Capitalism. Witness the following conversation that Homer had with himself :
Homer: Aw, twenty dollars! I wanted a peanut!
Homer's Brain: Twenty dollars can buy many peanuts!
Homer: Explain how!
Homer's Brain: Money can be exchanged for goods and services!
Homer: Woo-hoo!
Homer gets it! It really is that simple. Woo-hoo!

Saturday, February 10, 2007

The ignorant intellectual,


Today in Virginia commentator Tavis Smiley held an event known at The State of Black America where a number of black intellectuals discussed the plight of black Americans. I watched some of it live on C-Span and I found some remarks by Cornel West to be interesting. He said that America was a "corporation" before it was a country. What I found interesting was the hatred that Mr. West (and the audience that applauded the remark) seemed to have for corporations. He probably didn't consider how corporations have created things like television and microphones so people like himself could broadcast a message that he considered to be important. When will Capitalism get the thanks it deserves?

Wednesday, January 24, 2007

Are some Americans poor? Think on this....


Imagine if the poorest person in India met the poorest person in America. Think (and think hard) about what they each would think of one another. Capitalism really does make a difference.

Friday, January 05, 2007

Arguing with nature,


I have a thought for you all. Did you ever notice that when someone jumps off a building, nobody complains about the law of gravity. But when a natural disaster (or anything else) affects price changes, people often complain about the law of supply and demand.

Friday, December 08, 2006

A deeper understanding,


Some people today misunderstand how important freedom is to a healthy economy. Such people believe that it would be a good idea if jobs stayed within the borders of a given country and not be outsourced to another country. Many Americans see outsourcing of jobs as hurting the American economy. Hear me loud and clear: there is no Canadian economy, American economy, European economy etc. At least not in the form that most people imagine. Ask yourself the following question: How many of the products you use daily are made within the country you live in?

Tuesday, November 21, 2006

The behavior of prices,


I recently bought a very good office chair at a yard sale for five dollars. The same chair would cost a lot more at a retail store, does that mean that the retail store is gouging its customers on the price of office chairs?