Posts Tagged ‘incentive’

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    Bendy Buses and Health Care

    Sep 6, 10 • 237 Views • 2 Comments

    Have you heard of a bendy bus? The bendy bus was supposed to solve Santiago, Chile’s public transit problems. But the story relates to each of us. It all began during 2007 when Santiago decided to replace its private bus system with public transit....  [read more]

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    Overhead Problems

    Aug 25, 10 • 361 Views • 6 Comments

    You’ve probably heard the story. Fed up, a flight attendant tells passengers what he really thinks of them, grabs a beer, presses the button for the emergency chute, and leaves the plane. The overhead storage bin might have been the reason. Overhead...  [read more]

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    Public and Private Incentive

    May 18, 10 • 223 Views • No Comments

    For centuries, the US Postal Service delivered most of the mail. The job it did was satisfactory but not optimal. Yes, through sleet and snow, etc., we received our letters and packages but employees rarely focused on cutting costs and innovating. Two...  [read more]

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    Yacht Lessons

    Apr 11, 10 • 269 Views • No Comments

    When we think about taxes, we should look at yachts. In 1990, because of a new luxury tax, anyone who purchased a yacht paid 10% more. The result? People stopped buying domestically made yachts. Yacht makers went out of business and the government never...  [read more]

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    Appreciating the Market

    Mar 30, 10 • 306 Views • No Comments

    In a recent WSJ interview, Nobel laureate Gary Becker tells us that, “Markets are tough to appreciate.” The reason, he says, is people feel government can better care for them than a profit seeking individual. Calling markets...  [read more]