The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price. ↗
When I was teaching in the 1960s in Boston, there was a great deal of hope in the air. Martin Luther King Jr. was alive, Malcolm X was alive; great, great leaders were emerging from the southern freedom movement. ↗
But, then again, I had to stop because there was too much pain or too much trouble. After I retired I still had one more elbow surgery just to be able to do normal things. ↗
Guys have a level of insecurity and vulnerability that's exponentially bigger than you think. With the primal urge to be alpha comes extreme heartbreak. The harder we fight, the harder we fall. ↗
One gets into a strange psychological, almost hypnotic, state of mind while on the firing line which probably prevents the mind's eye from observing and noticing things in a normal way. ↗