The Consumer, So It Is Said, Is

Our Ideal Society Finds It Essential To Put A Rent On Land As A Way Of Maximizing The Total Consumption Available To The Society. ...pure Land Rent Is In The Nature Of A 'surplus' Which Can Be Taxed Heavily Without Distorting Production Incentives Or Efficiency. A Land Value Tax Can Be Called 'the Useful Tax On Measured Land Surplus'.

Even Fans Of Actively Managed Funds Often Concede That Most Other Investors Would Be Better Off In Index Funds. But Buoyed By Abundant Self-confidence, These Folks Aren't About To Give Up On Actively Managed Funds Themselves. A Tad Delusional? I Think So. Picking The Best-performing Funds Is 'like Trying To Predict The Dice Before You Roll Them Down The Craps Table,' Says An Investment Adviser In Boca Raton, Fl. 'i Can't Do It. The Public Can't Do It.'

Thousands Of Important And Intelligent Men Have Never Been Able To Grasp The Principle Of Comparative Advantage Or Believe It Even After It Was Explained To Them

The Consumer, So It Is Said, Is The King Each Is A Voter Who Uses His Money As Votes To Get The Things Done That He Wants Done.

Forsake Search For Needles That Are So Very Small In Haystacks That Are So Very Large.