Tag: tradeoffs

There are no Solutions, only Tradeoffs

On By rushbabe49In business, Culture, Economics, Education, environmentalism, Food and drink, government, Politics in the Age of Trump, Random Musings About Life, Science and research6 Comments

The above aphorism was coined by the famous economist, Thomas Sowell, to describe any human society or situation. Every waking moment of every day of our lives, we are presented with a myriad of choices, large and small, most we don't even notice. But I was reminded of Sowell's phrase when I read an article …

Continue reading There are no Solutions, only Tradeoffs

Socialist Senator (and presidential candidate) Bernie Sanders gets a taste of Capitalism

On By rushbabe49In Economics, Politics in the Age of Trump, Progressive "Thought"3 Comments

But does he recognize it?   I'm guessing probably not.  This situation is the epitome of a capitalist tradeoff.  His campaign staff is unionized.  He went along with it, because he has to, as a "democratic socialist".  He is also highly in favor of a minimum wage of $15 per hour.  His campaign has a …

Continue reading Socialist Senator (and presidential candidate) Bernie Sanders gets a taste of Capitalism