Sign Up for Email Updates


The last time I called customer service at Amazon, I was greeted by a cheerful employee who said, “Thank you for being a loyal Amazon customer. You have placed 2,419 orders with Amazon. How can I help you?”

My jaw dropped: 2,419 orders? I have been shopping at Amazon since 1997, but who knew then how Amazon would change our shopping habits?

My initial orders were for books, but Amazon anticipated that I and other consumers would be open to shopping for others things, too. Over the years, I’ve also bought televisions, computers, electric shavers, printer ink, shoes, food, and many other items from Amazon.

In Human Action, Ludwig von Mises writes,

The ultimate source of profits is always the foresight of future conditions. Those who succeeded better than others in anticipating future events and in adjusting their activities to the future state of the market reap profits because they are in a position to satisfy the most urgent needs of the public.

Amazon has saved me a lot of money. It h…

Why We're Still Debating the Decades-Old Crude-Oil Ban

Keeping Oil "Here at Home" Makes Americans Worse Off

Uber’s Peaceful Revolution

Jeffrey A. Tucker

Ridesharing Is Accomplishing What Decades of Policy Papers Failed to Achieve ...read more

The Science Fiction of Scarcity

Sarah Skwire

We Have Such Abundance That We Fantasize about Having Less ...read more