Business

Detail from Government. Mural by Elihu Vedder....

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Suppose that today, right now, you had to figure out a small profitable business that would generate enough income to support your household. Think about this seriously. Come up with a product or service that you could sell, figure out a way to keep costs low enough to make a profit, and make a realistic plan for overcoming competition.

via In Pursuit of Empirical Macroeconomics, Arnold Kling | EconLog | Library of Economics and Liberty.

Most of us aren’t up to the task. We’d rather have jobs and complain about our paycheck, benefits, and how unfair the workplace is.

We owe a lot to the people that start businesses and create jobs, especially since our government regulates and complicates, so many of our politicians mock them, we tax the crap out of them, and we resent them if they’re successful. It’s a wonder they exist at all.

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