Theory - A corroborated hypothesis.
Traffic Jam - Alvin Lowi said that a traffic jam is a collision between free enterprise and socialism. Free enterprise produces the automobiles faster than socialism can build roads and road capacity. Alvin Lowi was a colleague of Andrew Galambos in the early days of the Free Enterprise Institute. Galambos quoted this observation about traffic jams with credit to Alvin Lowi.
True Democracy - True Democracy is the free, unhampered market economy.
Truth - Truth is that which is observationally known to be corroborable and is common to all observers.
Tyranny - A condition where crime is universal, or at least so prevalent that there is no recourse
8 Responses to Glossary of Terms