Tag  |  economics

just enough

In the movie Fiddler on the Roof, Tevye talked very honestly with God about His economics: “You made many, many poor people. I realize, of course, that it’s no shame to be poor. But it’s no great honor either! So what would have been so terrible if I had a small fortune? . . . Lord, who made the lion and the lamb, you decreed I should be what I am. Would it spoil some vast, eternal plan if I were a wealthy man?”

amplified

Despite the recent economic meltdown, most people would agree that free markets have improved the lives of billions of people. Many people today are living longer and wealthier than anyone ever has, in large part because free markets incentivize us to create products that other people want to buy. Entrepreneurs who knew that they would profit from their efforts invented…

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