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The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.
Free MarketsEntrepreneurshipValue and Exchange
Millennials are the focus of everyone’s attention in the housing business.
EntrepreneurshipProduction TheoryValue and Exchange
Many seem to mistakenly think that economic growth has to do with GDP or producing stuff. It does not.
Kerkorian was an eighth-grade dropout who would go on to earn billions, and epitomized Mises's idea of the entrepreneur.
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Bureaucracy and RegulationFree MarketsEntrepreneurshipValue and Exchange
Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.
If you are “self-employed,” you do not have the luxury of focusing on keeping down or cutting (your) costs instead of creating value.
Once it is understood that profits and losses evolve from the changing values of consumers, it becomes obvious that abolishing windfall profits or windfall losses is impossible.
Contrary to much recent scholarship, there is no difference in kind between “social” entrepreneurship and mundane entrepreneurship.
The EntrepreneurEntrepreneurshipMoney and Banking
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.