The young woman looked frightened. All I did was ask some pointed questions. “Why do you have 35 kinds of energy bars, but only one brand of straight pins? And why are those made in China? Why aren’t your pins made in America?” This Kerr drug store was the final stop of my ten “observations,” so I had […]
Read MoreA “middleman” buys cheap, sells dear, and does nothing to improve the product in the meantime. Middlemen are everywhere and probably have been since the very first exchanges started to improve the lives of primitive humans. Marco Polo and his family were middlemen. So is Ebay. Between them, in time and complexity, lie millions […]
Read MoreIntro by John Baden It is the exception that probes, not proves, the rule. I know of no logical system in which an exception to a general rule can “prove” the verity of that proposition, generality, principle, or rule. In this week’s FREE Insights, economist Michael Munger of Duke University describes an […]
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