Education and the Poor

The poor have found remarkably innovative ways of helping themselves, educationally, and in some of the most destitute places on Earth have managed to nurture a large and growing industry of private schools for themselves.

Can a Business Be “Happy”?

A friend once gave me a T-shirt with “Happiness Is Positive Cash Flow” printed in the front. While I agree that positive cash flow is one of the necessary conditions of happiness in a civilized society, it is not in itself sufficient. What is happiness? It is a...

Roads in a Free Society

Even among advocates of capitalism, there are many misconceptions about how roads might operate in a free society. One of the most common of these misconceptions is the belief that if all roads were private property, a road owner might charge outrageous rates or close...

James Madison’s “Property”

Unlike contemporary politicians, the Founding Fathers recognized the importance of protecting property rights. They understood that, if individuals are to be free, prosperous, and happy, then they must be secure in their property. James Madison, the Father of the...

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