Businessmen who sing the glories of free enterprise and then demand “fair” competition are enemies, not friends, of free markets. To them, “fair” competition is a euphemism for a price-fixing agreement. They are exemplifying Adam Smith’s remark that “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” For consumers, the more “unfair” the competition, the better. That assures lowest prices and highest quality.
Is then the search for “fairness” all a mistake? Not at all. There is a real role for fairness, but that role is in constructing general rules and adjudicating disputes about the rules, not in determining the outcome of our separate activities. That is the sense in which we speak of a “fair” game and “fair” umpire. If we applied the present doctrine of “fairness” to a football game, the referee would be required after each play to move the ball backward or forward enough to make sure that the game ended in a draw!
Milton Friedman (via johnniesimpson)
Elizabeth Short, also known as the Black Dahlia, came to Los Angeles in the 1940s seeking fame. Her murder in 1947 sparked a media frenzy that captured the public’s attention — and even led to several false confessions.
During the 1960s and 1970s, the San Francisco area was terrorized by a serial killer who called himself “The Zodiac” in his first of many letters sent to the San Francisco Chronicle documenting his crimes over the years.
More famous unsolved cases here.