Source: Bet On It
by Bryan Caplan
“Value is not cost. Value is what you get; cost is what you pay; and they are not the same. Not even close. In this world of ours, some things have immense value and immense cost, like a cure for aging. Some things have trivial value and trivial cost, like a speck of dust floating through the air in front of you. Some things have trivial value and immense cost, like a mud pie a hundred miles wide. And finally, some things have immense value and trivial cost, like food, water, and air. Value is not cost. It is thanks to this simple principle that life is worth living.” (09/03/25)