Prosperous companies employ lots of people at high levels of pay, which leads to an explosion of businesses around the flush one eager to win the patronage of its well-heeled employees. It’s all a statement of the obvious, isn’t it? One would think, but a read of the same New York Times’ reporting on the proposed Republican tax cuts signals that there’s perhaps not broad agreement within the newspaper about the effects of company success.
When we close down free trade, or allow others to close it down for us, we lose not only the material advantages that it brings to us as individual consumers, as producers, and as a nation. We lose the moral advantages that it brings us as well.
Hayek has dedicated the majority of his book to explaining why planned economies on a national scale are bound to fail. You can understand his frustration then, when in the wake of World War II there was a bigger push for international governance.
The Old Chatham Sheepherding Company The Old Chatham Sheepherding Company is the nation’s largest sheep dairy, known by gourmands near and far for its award-winning cheeses and yogurts. What the casual enthusiast might not know as they toss a wedge of Ewe’s Blue into their roller-basket at Whole Foods is that the company’s operation centered around a 1790s estate, which previously operated as a prestigious Relais…
A Harvard psychology researcher explains that rather than thinking of success as the source of happiness, we should think of happiness as a source of success--and one that's more under our control than we imagine.