Property Rights
Pirate Problems
Thursday, April 16th, 2009The “leaders” in Somalia are suggesting that the pirate problem must be tackled on land, as it is too difficult to patrol the vast ocean. Of course, they will require funding to accomplish this……
This nonsense is nothing short of blackmail. “Give us money and we will stop attacking your ships.” Of course no amount of [...]
The 80/20 Rule
Friday, March 6th, 2009According to the 80/20 Rule, in any given population, 20% of the people will provide 80% of the production for the entire group. In other words, 80% of the people will only provide 20% of the total production. This rule is frequently applied to sales organizations, but it seems to have general application - it [...]