At the recent WNBA All-Star game, players wore T-shirts with the message, “Pay us what you owe us.” If one uses the discounted marginal revenue product as a guide, the answer to their demand would be “zero.”
You May Also Like
Politics
Western Civilization has brought great advances in culture and economics, yet no one is more relentless in trying to destroy this civilization than western...
Editor's Pick
Trump’s latest Hollywood “hit” isn’t the kind you stream. Threatening to slap a 100% tariff on films produced in foreign countries, the president’s announcement...
Politics
Timothy Terrell makes the case for property rights and market-based stewardship as the true path to sustainability.
Editor's Pick
If you’ve looked at enough charts over time, you start to recognize classic patterns that often appear. From head-and-shoulders tops to cup-and-handle patterns, they...