The Wright Stuff

One of the greatest inventions of the 20th century — indeed, one of the landmark inventions in the history of the human race — was the work of a couple of young men who had never gone to college and were just a couple of bicycle mechanics in Dayton, Ohio....

Falling in Love with a Stock

The problem with investing is that, done right, it’s not all that much fun. It requires virtues for which you will probably be rewarded in heaven but that won’t provide you and your friends with much entertainment on earth: equanimity, restraint,...

Digging into Spending

One doesn’t have to dig very deep to find examples where spending far exceeded predictions. I can look across the street, where an underground Capitol visitor’s center is under construction. The project was first floated in the early 1990s, with a $71...

Is Wal-Mart Good for America?

“Is Wal-Mart Good for America?” That is the headline on a New York Times story about the country’s largest retailer. The very idea that third parties should be deciding whether a particular business is good for the whole country shows incredible...

Repeal the Davis Bacon Act of 1931

There’s a little known law called the Davis-Bacon Act of 1931. It remains on the books today. Before saying what the law is and its effects, let me run by you some of the language used, in the early 1930s, to push the law through Congress. Rep. John Cochran of...

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