Many economic fallacies are due to conceiving of economic activity as a zero-sum contest, in which what is gained by one is lost by another. This in turn is often due to ignoring the fact that wealth ...
[A] rock-star preaches capitalism. Wow. Sometimes I hear myself and I just can’t believe it. But commerce is real. . . . Aid is just a stopgap. Commerce—entrepreneurial capitalism—takes more people ou...