Tagged: Government

Capitalism to the rescue.

The 33 miners in Chile who were quite literally resurrected from their grave this week owe their lives in no small measure to two men. The first is Chilean president Sebastián Piñera.

A better burger made a better America.

In 1951, a short, round, jolly Greek immigrant named Jack Koustoubardis began cooking hamburgers in a tiny little spot on Hillcrest Avenue in Dallas just down the hill from SMU. The place is still there and it’s called the Burger House. Everybody knew Jack. (His real name was actually Prometheus. Jack is the name he chose to authenticate his new status as an American.) The Burger House opened at 11 in the morning, closed at...

Have you hugged James Madison lately?

Exactly 220 years ago today, the first Congress of the United States approved twelve articles of amendment to the Constitution and sent them to the states for ratification. Ten of those proposed articles were eventually ratified and enshrined as the Bill of Rights. Prior to the birth of the United States, nearly every citizen on earth was to one degree or another under the rule of a czar or a king or a potentate of...

Government Motors: No way to run a railroad.

How do you feel about Barack Obama effectively being the chief executive officer of General Motors and voting 60 percent of the stock? I hate it. I wonder what Milton Friedman would say. Milton Friedman was a celebrated economist whose views on taxation, monetary policy and business regulation informed the likes of Ronald Reagan and Margaret Thatcher. Mr. Friedman was in Asia and was taken to a job site where workers were digging a canal....

It’s not the rich who are powerful.

Weekend before last, I attended the annual shareholders meeting of Berkshire Hathaway. For those of you not familiar, Berkshire Hathaway is the company headed by legendary investor and perennial competitor for title of wealthiest man in the world Warren Buffet. The Berkshire Hathaway annual meeting has been called “the Woodstock of Capitalism.” Unlike most annual meetings, the Berkshire meeting is an event. More than 35,000 people, mostly middle-aged, middle class owners of as little as...