Archive for July 30th, 2011

Sometimes it is quite astonishing to see how far-reaching economics can help to understand human behavior. Have you ever asked yourself why some people shoot buffaloes for fun, why they do kick-starts only with rental cars, or why they do not care much about maintaining lodgings?

Walter E. Williams brilliantly elucidates the role of private property rights in all these cases.

Those things that receive the best care are privately owned, and those things that receive the worst care are publicly owned.

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