Any business must, first and foremost, serve a need. There are plenty of needs out there, each representing a person in need. There are just as many clichés as how to best serve a need. Give a man a fish or teach him to fish. Common wisdom tells us that teaching a man to fish is greater both morally [...]

People tend to act in their own self-interest.
In free-market capitalism, these competing interests of the masses find balance, wherein two parties can meet their own interests, or the best compromise thereof, in mutual exchange.  Self-interest fuels thinking and innovation.  Competing interests prevent corrupting power and unbalanced influences.  You can find exceptions to both principles, surely.  [...]

Which is Jimbo, and which is Cosmo?
One of these had a famous TV role as a likeable, yet bombastic and eccentric guy.  He also had a brief dalliance with Communism.  While he always seemed to have money and means for himself, anyone getting involved in one of his money-making schemes usually ended up losing… big [...]

“That’s fine, except it will hurt people living from paycheck to paycheck.”
If there’s anything more common out there right now than economic ignorance, it’s people who damn well understand it but have a kneejerk tendency towards compassion at the expense of common sense.
Here in Georgia, gas is in short supply.  Even people, many of whom [...]

One of the truths I’ve learned that I try to impart to others is that there are always more options than we realize.  I see so many people beat themselves over the head deciding between two options.  My advice?  Look for the third way!  There are always more choices.
Dr. Phil had a show this week [...]

With the recent events of Hurricane Ike, it tells you something about the state of economics education when you watch news stories where two complaints are put forward by the same parties….  One, that gasoline stations are running out of gas, and two, that the government better step in if they see any gas stations [...]

Lately, you hear a lot of people talk about things that have been taken from them.  Somebody on the news tells you how the bank took their home, or the company took their health care, or outsourcing took their job.
All this “taking” can get a person riled up.  And that’s what it’s meant to do.  [...]