The Genius of "One Percenters" Is Their Amazing Command of the Obvious | Jim Powell | Cato Institute: Commentary

The Genius of "One Percenters" Is Their Amazing Command of the Obvious | Jim Powell | Cato Institute: Commentary: 'The U.S. Post Office doesn't seem to deliver routine mail any faster than it did one or two hundred years ago, yet postal rates keep going up. Why, then, did it take so long for someone — Mississippi-born college student Fred Smith — to do the obvious thing and start pursuing the idea of a nation-wide overnight delivery service in the form of FedEx? He too became a billionaire.'