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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Thursday, June 02, 2005

Dali Melted It, Einstein Relativized It, and Capital Saved It

From the John Locke Foundation:

Of all of the commodities and services available to consumers in the market, one of the most precious is never bought or sold explicitly. That good is "more time for ourselves." Yet time is the one thing that most of us want more of, whether it's for leisure or some other purpose. What if we could reduce the amount of time we need to accomplish necessary tasks, freeing ourselves to pursue other ends? We can. One of the ways that markets accomplish this feat is through the addition and growth of capital—a man-made means of production—to the production process. Capital makes labor more productive.

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