Fake Credentials

You might have a medical degree and be a doctor. You might be an expert in your field. People might come to you for medical advice and help. Some patients might even get better while you are “caring” for them. But if you were trained to believe in (and treat) the four humors or that evil spirits cause disease, you aren’t credible as a doctor. Your degree is worthless in the real world of medicine. You’re a fake doctor.

The Miracle of the Market

At this time of year especially, the wide variety of individual human preferences and interests becomes abundantly clear. My children’s Christmas lists display this diversity: Molly (13) wants a doughnut pan to feed her baking passion, Jack (11) wants anything tech-related, Abby (9) wants drawing supplies, and Sam (6) wants Lego pieces and stuffed animals. How do the elves satisfy these assorted preferences? It’s the miracle of the market.

In Praise of Home Delivery Culture

Much of the focus on home delivery culture, both positive and negative, is on lots and lots of stuff becoming more and more accessible. That’s true, and relevant, whether you’re a fan of consumer culture or bemoan it. But home delivery culture also incentivizes businesses to do things that are good for all of us. And it does so through market mechanisms rather than through political haggling.