July 19, 2004

Why I Love Capitalism

Russell Roberts’ account of this exchange with a sidewalk artist makes me feel all warm and tingly inside: I gave him a $20. He handed me the change and said, “We’re even.” I smiled and said, on the contrary, we have a beautiful picture and you have our money to enjoy as you wish. We’re […]

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Free Business Statistics

BizStats: “Want to quickly know what the average small business owner keeps from each dollar of revenue? Then, see our summary of industry profitability – sole proprietorships.  Get great Retail benchmarks at Sales per Foot & Sales per Store – Retailers and see how national retailers compare. Curious about which businesses have the best (and worst)

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Photographing Your Town

Dan Sherman: “What you’re doing is creating a picture database of your town to sell to companies interested in marketing to these houses, based on certain criteria. Once you have a picture catalog of your town, you can create a website allowing authorized (paying) individuals to log in and bring up any address and see

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Outsourcing The Drive Thru

Marginal Revolution: “Who would have guessed that when taking drive-thru orders at a McDonald’s it’s more efficient to send the order not 25ft into the restaurant but 900 miles away to a call-in center which then relays the order via computer to the workers inside the restaurant making the food. To avoid errors, the system

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