Warranted Praise
28 June 2006
Editor, The New York Post
Dear Editor:
You predict that Warren Buffett "will be remembered as an exemplary humanitarian" ("Buffett's Death-Tax Avoidance," June 28). Right.
But Mr. Buffett's greatest contribution to humanity will never be his philanthropy, however effective it is. His supreme contribution is his investment prowess - his skill and hard-work at directing capital to fruitful uses.
Although derided by many, such prowess is essential to keep ordinary workers productive and well-paid.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Editor, The New York Post
Dear Editor:
You predict that Warren Buffett "will be remembered as an exemplary humanitarian" ("Buffett's Death-Tax Avoidance," June 28). Right.
But Mr. Buffett's greatest contribution to humanity will never be his philanthropy, however effective it is. His supreme contribution is his investment prowess - his skill and hard-work at directing capital to fruitful uses.
Although derided by many, such prowess is essential to keep ordinary workers productive and well-paid.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Tuesday April 10, 2007 at 12:37pm