Margin of Safety » Coyote Den http://amarginofsafety.com "...to distill the secret of sound investment into three words..." Fri, 26 Jun 2020 18:44:00 +0000 en hourly 1 http://wordpress.org/?v=3.2 Free Markets: The Cure for Social Ills http://amarginofsafety.com/2010/11/10/free-markets-the-cure-for-social-ills/?utm_source=rss&utm_medium=rss&utm_campaign=free-markets-the-cure-for-social-ills http://amarginofsafety.com/2010/11/10/free-markets-the-cure-for-social-ills/#comments Wed, 10 Nov 2010 06:17:40 +0000 Ray Galkowski, CFA http://amarginofsafety.com/?p=340 Continue reading →]]> Without getting too political, I suspect that too few understand that free markets cure more ills than even the best progressive policies initiated or funded by government. For your reading pleasure: 

The Man Who Saved the Whales

By WARREN MEYER
Nov. 5 2010 – 1:10 pm
Coyote Den

In the last half of the 19th century, whales were facing extinction.  They were hunted in large part because their oil was the best, most affordable illuminant available to growing western nations.  One man more than any other headed off their extinction, a man whose picture should be in on the wall of every Greenpeace office:  John D. Rockefeller, founder of the Standard Oil Company. 

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