The Penny Problem Has a Third Option: Buy Them Back (With Interest)

The Penny Problem Has a Third Option: Buy Them Back (With Interest)

Adam Smith recognized the importance of the “make or buy” decision. It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy…What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. One of the most basic dilemmas of business, household management, and international trade is the “make or buy” problem. If you can buy somethi…