Free Republic

Trump's Air Force One looks similar to the one that Obama flew. But plans for a bigger one are now under way. The US president walked down the stairs of Air Force One at an airport in Morristown, New Jersey. He gave a thumbs-up to journalists standing on the tarmac and as he walked past the cameras, he straightened the lapel of his jacket. An image-conscious businessman, he brags about the size of his hands and his ability to make a deal. For the new presidential aircraft, he wants both - a big machine that'll save the taxpayer money. Trump...

What economists call an ability to make "compensating differences" is a valuable tool in everyone's arsenal. If people are prohibited from doing so, they are always worse off. You say, "Williams, I never heard of compensating differences. What are they?" Jimmy Soul's 1963 hit song, "If You Wanna Be Happy," explained the concept of compensating differences. His lyrics went: "If you want to be happy for the rest of your life, never make a pretty woman your wife. So from my personal point of view, get an ugly girl to marry you." His point was that an ugly woman would...