What Do They Care?

Guest Post by Todd Hayen

Think for a moment about what you really care about. Let’s say you are an average working Joe or a partnered mother with three kids. You have a family, a medium-sized house, two cars. One for your husband to go to work in, the other for you to do your family errands—or the other way around, although not as common, let’s say you bring in the majority of the income, and your husband “works” the homestead.

Let’s say you both work, hard, and relentlessly, and when Christmas comes, if you celebrate it, it is a struggle to provide what you feel will make your kids happy, joyous, and excited.

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Who Cares About You?

Guest Post by Walter E. Williams

Who Cares About You?

During my student days at a UCLA economics department faculty/graduate student coffee hour in the 1960s, I was chatting with Professor Armen Alchian, probably the greatest microeconomic theory economist of the 20th century. I was trying to impress Alchian with my knowledge of statistical type I and type II errors. I explained that unlike my wife, who assumed that everyone was her friend until they prove differently, my assumption was everyone was an enemy until they proved otherwise. The result: My wife’s vision maximized the number of her friends but maximized her chances of betrayal. My vision minimized my chances of betrayal at a cost of minimizing the number of my friends.

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