Tag: government

Self-control is irrelevant to success in the game if you believe the game is rigged

by Chris Yeh

If you’re a psychology junkie like me, you’ve probably heard about the Stanford marshmallow experiment: http://bit.ly/Wga2Ne In this experiment, 5 year olds were offered a choice: Eat a marshmallow now, or be left alone in a room with a marshmallow.  If they went 15 minutes without eating the marshmallow, the researcher would give the child … Continue reading Self-control is irrelevant to success in the game if you believe the game is rigged

Why Profit Motive Is The Best Way To Ensure The Public Good

by Chris Yeh

My good friend Jackie Danicki has a great post up on why people who talk about “public ownership” are stark raving mad.Lots of things are owned by the government or state – roads, schools, hospitals, etc. Just because they’re paid for by taxpayers does not mean we own them – coercing “investment” from the public … Continue reading Why Profit Motive Is The Best Way To Ensure The Public Good

Best post ever on the difference between business and government

by Chris Yeh

Here’s a real doozy from my old friend and fellow Stanford/HBS grad, Adam Nash of LinkedIn:In every class, for every business case, the argument almost always broke down as follows: The MBA Students: Tell us what the rules of the game are, and we’ll tell you how to win the game. The Government Students: Tell … Continue reading Best post ever on the difference between business and government

The Danger Of Generous Safety Nets: Why The European Model Destroys The Soul

by Chris Yeh

Charles Murray recently gave a thought-provoking speech at the American Enterprise Institute. Murray is best known for his controversial book, “The Bell Curve,” which asserted that there were differences in intelligence between genetically different groups. That fact alone might cause some to ignore his speech, which would be unfortunately, since it speaks to the very … Continue reading The Danger Of Generous Safety Nets: Why The European Model Destroys The Soul