Tag Archives: business regulation

Must So Many of Us Have Such a Low Price?

Here’s a question for you: are there degrees of dishonesty?

If no one saw you miss a golf swing in the rough, and you didn’t add it to your score, is that dishonest?

If bad traffic made you late for work, should you lie and say you were on time, so to let your employer bear the cost of your missed time instead of you?

If you serve in the Legislature, and a certain political contribution from a trade association made it much simpler for you to agree with their reasoning, have you sold your vote? Read More More

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Can There Be Too Much Profit?

Yes, that is a serious question. And in my reasoning, yes is also the ultimate answer to the question.

Trust me when I assert that I am a committed free-market capitalist. I believe in the power of the profit motive to move mountains, revolutionize the world, and spread assorted good things to millions of people. Without it, we might be still be living as serfs in 18th century conditions under the knuckles of some knight.

Profits motivate ordinary individuals to unleash their imagination, energy, and industry to create opportunities, innovation, and relief. Profits solve problems, feed people, and change the planet. Without profits, the world would collapse on a moribund economy that couldn’t even feed us, resembling the failed communist societies that herded citizens into forced labor in collective, state-owned enterprises, rife with corruption, fraudulent output, and dispirited participants. Read More More

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What Would Warren Do?

I have never owned a single share of Berkshire Hathaway stock. My interest and observations of Warren Buffett have always been passive, but my admiration is nonetheless strong. As a captain of American industry, he strikes me as a solid individual who has conducted his life and business with values we can only revere. Old-fashioned? Absolutely. Out-of date? Never.

Wouldn’t it be interesting to know what Warren Buffett is thinking now as our democratic process has delivered this republic to a point of perpetual government deadlock? At the core of every issue: money. Read More More

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If It Sounds Too Good To Be True, It Is

One of the advantages and curses of ageing beyond 50 years, is although you haven’t nearly seen everything, you have seen a helluva lot. Having grown up in a home blessed with a daily newspaper subscription and a devotion to a family television hour dedicated to legendary news anchors Chet Huntley and David Brinkley, I began to track world events regularly at a very early age.   Meaning – I have heard a lot of “new ideas” repeated over and over across the years. Call me skeptical.

This past week’s election restored a Republican majority in the U.S. House, and brought the U.S. Senate closer to being equally divided. To suggest those gains will change anything in the short term is fantasy. What it really means is that whatever modicum of work was being done in Congress will slow even more. Read More More

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