Video: The Economics of Valentine’s Day
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Economics
Internet Improves Life But Hurts the Economy
The internet improves our lives, while at the same time “hurts” the conventionally measured economy: Today these magic wands exist. For example, a couple of years ago, Google waved a magic wand that transformed millions of Android phones into sophisticated navigation devices with turn-by-turn directions. This was functionality that people had previously paid hundreds of
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I, Pencil: The Movie
The film above is from the Competitive Enterprise Institute, and is adapted from the 1958 essay by Leonard E. Read “I, Pencil: My Family Tree as told to Leonard E. Read.†For more about “I, Pencil,†visit www.ipencilmovie.org. At this link, you will find a number of extended commentary videos on the same subject.
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Job Destruction Isn’t Bad: It Makes Us Richer
In 1900 there were 100,000 horses in New York City. That many horses required a huge number of employees of a wide variety of industries to maintain, feed and clean up after them, in addition to any of the jobs created by the horse-power itself. With the rise of the automobile, the horses have all
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Will Work For Food
The peace of an otherwise quiet summer weekend is often muddled by the sound of lawn mowers and leaf blowers. NPR reports that In Los Angeles’ business district, an old-fashioned method of ground control provides an alternative soundtrack – the munching of goats. In a steep hillside city park on Bunker Hill, right next to
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