Thursday, June 21, 2007

Remedial Economics for Bill Gates?

Harvard economist Robert Barro writing in the WSJ, and ABC 20/20 reporter John Stossel writing in his weekly column both think that Bill Gates need some remedial economic education on free markets and wealth creation.

Barro: "Bill Gates is the richest man in the world, but he may not understand the vital role wealth creation plays in society."

Stossel: "Dropping out of college didn't stop Bill Gates from making tons of money, but it kept him from classes where he might have learned about the beauty of spontaneous market processes."

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