(note: photo not of Steak & Shake burger)
There are some great hamburger chains in the U.S. — places whose patties are beefy, juicy and fresh, and are served nestled between halves of a properly airy and toasted bun. But sadly, they are all regional chains — Steak 'n Shake in the Midwest, Smashburger in the mountain states, the Counter in Southern California. When will a national burger chain come into being that serves something along these lines? I believe that this is the year. Too much money is being made by these minichains for the big national ones to ignore their success. Last year's stunt burgers and other marketing initiatives are over; now the long climb toward genuine quality control begins. But who will be the ones to pull it off?"
"Rather than State-controlled or Big Business-controlled economies … why not look to the people?
On February 7, 2000, The New Yorker’s John Cassidy wrote in a piece both brilliantly insightful and rigorously honest, “The Price Prophet,” that “It is hardly an exaggeration to refer to the twentieth century as the Hayek century.”
Not Keynes. Hayek.
Cassidy encapsulates the core insight of Hayek as follows.“This view of capitalism as a spontaneous information-processing machine—a ‘telecommunications system’ was how Hayek referred to it—was one of the great insights of the century. It may have been implicit in the work of some previous economists, notably Adam Smith, but Hayek was the first to spell it out. Even left-wing economists, who regarded capitalism primarily as a system of social exploitation, were eventually forced to concede the acuity of Hayek’s analysis….”"
"With some 8,000 Americans turning 65 every day, on average, and the senior population expected to double by 2050, millions are facing a massive, multifaceted purge that's turning out to be much tougher than they thought it would be. And millions more find themselves in similar quandaries as they deal with the truckloads they've inherited from packrat relatives. Indeed, whether they're leaving an heirloom china set at the local consignment store or packing a stately grandfather clock off to Sotheby's, many are discovering that the resale market is glutted with household goods. And oriental rugs are only the beginning. Got a home full of middle-market, traditional-style furniture to sell? Dealers say that stuff's plunged 50 to 75 percent in value."