This may be the only book a person needs to read to understand economics and public policy decisions.
This book takes deep dives into some of the most conseque
Great news! Do-Gooders is now available as an audiobook / e-reader, complete with all the charts, so you can follow along. Search text, bookmark, even chat with AI about the contents.
First 3 chapters are free, and we include 3 free audiobooks by Frédéric Bastiat!
Ford didn't make the rich a luxury; he made the luxury affordable to working men by chasing profit through productivity. That's the market's quiet miracle — The Invisible Hand. It's in the book.
On this date, June 16, 1903, Henry Ford and twelve investors signed the papers incorporating Ford Motor Company. No central plan ordered a car for every family — productivity and the profit motive delivered it.
The "safe" program robbed him of the magic of compounding — and of an estate to leave his kids. Did Social Security rescue Ben Fleast from poverty, or force him into it? Do-Gooders, Ch 18.
From the original promises: "What you get from the Government plan will always be more than you have paid in taxes and usually more than you can get for yourself by putting away the same amount of money each week in some other way."
This turned out to be monumentally wrong, and sent hundreds of millions into poverty in their old age.
@tonyannett A real "economist" would never say that. The correlation between tax rates on the rich and revenues is spurious at best. A real economist should look at all the data, not just those that confirm their priors.
In 2017, Las Vegas was awarded an expansion NHL team, the Golden Knights. In their first seven seasons, they have earned an impressive win-loss record of 312-176, and won the highly competitive Stanley Cup in 2023. The runner-up was the Florida Panthers. Why would the best ice hockey players move to sunshine states?
In the words of Tyreek Hill, “It’s just those state taxes, man.”
Perhaps, if your favorite team disappoints year after year, it is not the coach you should be yelling at.