Ask yourself this: even if you make less than your parents, would you go back in time to the world they lived in when they were your current age even with their higher real money income? My guess is no, and that’s the most powerful evidence that whatever your income, you perceive yourself as better off today than they were then.
Tag: value
Why Self-Directed Education?
Written by James Davis. Six years after deciding that our family was going the route of self-directed education, it’s almost hard to remember what we used to think. When I think about my wife and I earnestly discussing whether we’d choose a conventional public school (the diversity!) or a conventional private school (the opportunities!), it’s…
Entrepreneurship in Cuba
Will entrepreneurship flourish in Cuba, and will it bring the same increases in the quality of life as elsewhere in the world? I am cautiously optimistic.
Taxation Isn’t Only Theft, It’s Destruction
Where the state is, there also is the growth of the state. Why does a state’s scope enlarge? One theory is that interest groups seek to use the state’s taxing power for their own benefit. I would like to suggest a complementary theory. When the power to tax is conferred upon rulers, many harmful incentives necessarily are conveyed with it. These encourage the rulers to expand their destructive acts.
How Work Became Drudgery Once Again
Young people, college graduates especially, are not feeling hopeful about their careers. Mired in student loan debt, facing a labor market that has been stagnant for as long as they can remember, and deciding between a job where they’ll be miserable and moving back in with their parents, millennials have grown skeptical toward market capitalism. Yet, if they looked at the history of the matter, they would be amazed how far we’ve strayed from a free market in labor in the past century. Their plight is not due to economic freedom, but to a century of centralized efforts to regiment and regulate the labor market and the very mind and soul of the worker.
The Trouble With Socialist Anarchism
Written by Per Bylund. The new movie “V for Vendetta” has provoked public discussion of the meaning of anarchism. Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a “capitalist lackey” than anarchist thinker. Indeed, anarcho-capitalism has always been considered an…
Compulsory Education
Everyone loves learning. The thing is that not everyone likes studying and what’s even more frustrating is to be told how we should study, why we should study etc. Making education available to everyone is benevolent but making education compulsory for everyone is something that we are so used to that we do not see the blatant problem with it – the deprivation of freedom that prevents the flourishing of precisely those who have the most potential in society; children.
Children Don’t Give a Shit About Praise
I wanted to look at the relationship between the practice of praising children and human action (praxeology), which will lead us to an interesting conclusion.
David Hume on Self-Coordinating and Correcting Market Processes
David Hume emphasized that commerce and trade were among the most important avenues to offer opportunities to raise people’s standards of living, and to bring refinement and cultural betterment to a growing portion of a nation’s population.
What Poker Can Teach You About Life
I know a lot of people shun gambling and card playing, but there are some valuable lessons that can be learned from poker. I find that playing a few rounds can be rather educational. Of course, I’m not suggesting that people take their mortgage payments to Vegas in hopes of coming back rich. This is just a list of a few life lessons that poker (specifically No Limit Texas Hold’em) can teach to those who are paying attention.