When you toss assumptions out the window, you can break rules to win. That’s how a little-known German grocery company ripped through competitors on a track to secure the spot for the third-largest supermarket chain in the United States, behind Walmart and Kroger. Smaller building space Aldi stores are about 12,000-17,000 square feet compared to […]
Category: Economics
My view on economics and the economy
Networks are key
CNN Business reported that the coronavirus could cost China’s economy $60 billion. That’s due to missed trade opportunities and work, but that’s the power of networks. Few people or countries achieve greatness alone. Hunters and gatherers society was rough–we spent much of our time isolated, constantly working for the minimum to get by. Networks are […]
Empathy: a blessing and a curse
There’s no better trait than empathy. You understand a small part of someone’s pain and may sacrifice to help them out. It’ll make you give away your one working umbrella to a young intern, so he doesn’t make his first impression while comedically drenched from a D.C. monsoon. However, it can also hurt. You’re so […]
New Jersey Restricts Craft Breweries
New Jersey wants to protect consumers from 65-inch TVs. New Jersey regulations restrict breweries to host 25 “special” events per year, such as yoga, paint and sip, and corporate meetings. “Events” are defined as anything advertised through social media that have amplified music or a live-streamed television event. Other events don’t count as one of […]
Automation Helps Consumers
When news organizations regularly use automation as a fear tactic for cheap clicks, you have to dig deeper. Robots may take some jobs, but consumers will profit from cheaper services. Once ride-sharing companies enact autonomous vehicles, they can slash human capital costs— with one study showing that could reduce fares up to 80 percent. Automating […]
3 Strategies to Long-Term Growth in Louisiana
Roll back restrictions on formerly incarcerated individuals. Louisiana’s 4.7 percent unemployment rate is tied as the fourth highest in the country. — the national rate is 3.8.Louisiana’s five-year annual growth is .4 percent — the second smallest in the country. Why? Occupational Licensing Louisiana requires 77 out of 102 lower-income occupations to obtain licensing. Louisiana […]
Chicago Restricts Food Trucks
The Illinois Supreme Court ruled on May 21 that Chicago’s food truck are Constitutional and that brick-and-mortar building will be protected from food truck competition. Cupcakes For Courage Food truck owner Laura Pekarik filed a lawsuit in 2012 claiming the restrictions from parking within 200 feet of any establishments serving food (that includes gas stations) […]
Louisiana Craft Brewery Restrictions Hurt Small Business
When the Boyou Country Superfest starts on May 25, you’ll see consumptions of many kinds of beer; except for craft beer made in Louisiana. Either international beer or craft beer from other states will gain _ profit. Louisiana laws restrict craft breweries from self-distributing and to choose either bar or retail sales. Small craft breweries— […]
App Deters Impaired Driving
In a world where substances such as marijuana and ecstasy are either legal or will soon be, we must update enforcement of driving while intoxicated. DRUID tests for all levels of impairment — even exhaustion, which can be as dangerous as drunk driving — and scales impairment on a .08 intoxication scale. Harvard Ph. D […]
Liberty as a Maxim
When creating laws, liberty should be a maxim. The general level of prosperity would be higher if people were free to act in peace without aggression from the state or other people. Each person can choose what is best. People should have the liberty to smoke, even if it causes cancer. Freedom to consume alcohol […]