A Pickup from TGLF.ca resting from February 2020
The Garfield Legacy Fund The Rational Optimist by Matt Ridley a book on evolving world prosperity. I completed this book January 29, 2020 and found TRO tedious at first. His opinions, I supposed, needed to review early examples of doing business, and he did that by looking at man’s pre-historic life without transactions with other men. Like animals, men ate what they killed, they wore the skins and built shelters; they did it all and relied on no one. When man realized that he did certain things well, and other men did certain other things well, they could then trade their skill sets or their products for the other man’s skills or products. Let’s say one was a good fisherman and the other was a good tool maker. They worked this by bartering fish for tools and both benefitted from the others work. When one multiplies these actions many times over, with many different skills, one’s prosperity can be greater than when one does it alone. And instead of simple bartering,...
