The Upward Spiral
International Finance Center Balancing goals is a recipe for success. Photo courtesy of Stuck in Customs Psychologist Abraham Maslow created a famous “Heirarchy of Needs”. He claimed that the lower needs in the heirarchy would have to be satisfied before the higher needs could be achieved. From bottom to top, Maslow’s heirarchy is: physiological, safety, […]
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Voluntary Exploitation
Old Factory Worker Is it possible for a person to be exploited without the use of force? Photo courtesy of Yuliia Eric The dictionary says that exploitation means taking advantage of someone in an unfair way. Let’s consider an example. Suppose it requires two carpenters to build a house and that the opportunity to work […]
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Natural Resource Tax
Alaskan Oil Pipeline Is it right to distribute oil profits communally? Photo courtesy of rickz I think privatizing resources makes a lot of sense in most cases. It is much easier to settle disputes over who gets to build a house on a piece of land if only one person owns it, for just one […]
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Liability
Bugati Veyron If you accidentally damaged this car, should you have to pay for it? Photo courtesy of Mike Mertz Recently I was on a run in Bel Air and I noticed there was a car that was worth about an order of magnitude more than my net assets parked on the side of the […]
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