Efficiency vs. Equality

self-ownership:

It always frustrates me when Obama is on TV so passionately talking about how much he cares about small businesses. He seems so genuine about creating an economic environment to help people start their own business and people actually believe it.

More regulations and red tape is not the way to help someone create a business. THIS IS HOW YOU DO IT.

Leave people alone. Nobody forced these people to make these websites or gave them taxpayer money to do so. Entrepreneurs saw a business opportunity for online specialty vendors and other entrepreneurs saw an outlet to sell their goods. Everyone’s happy!

If you want to create an economic environment that will help create economic growth, stop trying.

Andrew Carnegie, industrialist and philanthropist, and one of the first mega-billionaires in the US. Elementary school dropout.

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Charles Culpeper, owner and CEO of Coca Cola. Dropped out of high school.

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David Karp, founder of Tumblr. Dropped out of school at 15, then homeschooled. Did not attend college.

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Jake Nickell, co-founder and CEO of Threadless.com. Did not graduate from college.

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Michael Dell, billionaire founder of Dell Computers, which started out of his college dorm room. Dropped out of college.

The conventional wisdom was no Internet company would ever make money and all the ideas of the dotcom boom were stupid. Turns out that 2001-2004 was one of the best times to invest in Internet companies.

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Central to the [card]game are “bad ideas” that players try to get rid of.

One bad idea is name your price auctions:

Today the leading name your price auction is Priceline, which has a $20 billion market cap and made $750 million in profit in 2009.

Yes, some people have suffered during the recession—but compared to all the other countries in the history of the world, America is rich. Why?

One reason is that America is a good place to do business.