There is no such thing as “giving back”
The title of this post is a bit of a paraphrase of a very impactful quote I heard earlier. The quote was relayed to me by Dave Ramsay, but he did not make the quote up himself. The idea that when someone gives money away, they are giving back is fundamentally wrong. They are not […]
Standard Oil: A case study of why monopolies are good
In school, you learn that in an unregulated free market, monopolies arise and consumers lose. But how true is this assertion? In theory, a monopoly means that one company can then price gauge consumers and consumers lose, right? But how true is this theory? John D Rockefeller is well known and well villainized for his […]