The economic and political deterioration of Venezuela has followed the pattern that Hayek described in 1944. In Chile, in contrast, free markets dispersed economic power amongst millions of Chileans and the military government, which ran the country between 1973 and 1990, gave way to democracy. Today, Chile is both economically and politically free.

Gramsci spoke of organizations including churches, charities, the media, schools, universities and “economic corporate” power as being organizations needing to be invaded by socialist thinkers.

Total spending including all stages of production more accurately reflects an economy’s actual expenditures, according to Skousen. When measuring total spending using business receipts compiled by the IRS, Skousen found that “consumption represents only about 30 percent of the economy.”

But entrepreneurship can be viewed more broadly as being enterprising: assessing the present, and taking individual action to modify it to achieve personal objectives in the future. This better future is never pre-determined, but instead the entrepreneur imagines it as a possibility and creates it step-by-step.

Each American, each American household, and each American firm has a set of goals that it pursues, and each does so by acting within the American — actually, within the global — economy. But these many attempts to fulfill individual goals are no part of a collective effort to fulfill higher goals.

Efforts to impose “more aggressive regulation of markets” – which typically amount to more confiscatory taxes and stricter government regulations – may fall short of actual socialism, but erode the defining characteristic of capitalism, namely private ownership over the means of production.

With the American system of a democratic state, humanity has found the perfect institutional framework which makes the next step in the direction of a perfect world possible; and if only the American system of democracy would take over worldwide, the way to perfection would be clear, smooth and free.

Philosophy is largely unappreciated. This is a shame, everyone has one. For most people, their philosophy is a random collection of slogans that have been acquired from popular culture. It is not grounded in rational core principles. The first tenet of our Manifesto alludes to the philosophical core our Poetic Justice Warriors profess – reason, purpose and pride.

Today's anointed - this loose class of elite media institutions, academics, and progressive politicians - continue to have the hubris to believe it is their role, with their superior vision and ideas, to rescue the victims of society’s “oppression” by imposing their collective will onto others.

Socialism is about maximizing power, not maximizing profits. Government doesn’t make profits, has no incentive to show profits, wouldn’t know a profit if it hit it in the head.

By writing books, Bernie made a lot more money than any truck driver who delivered his books to stores. He made a lot more than any factory worker who assembled the books. Does Sanders believe he took advantage of these workers?

The opposite of Democratic Socialism is not Republican Party policy, it is entrepreneurialism based on individual choice and individual action. The normal conduct of society is the continuous adaptation of individuals to each other’s needs. Socialism is, in fact, anti-social.

Victor Hugo asks, "Who set cold white panes in place of that stained glass of gorgeous hue? An architect, on the plea of good taste, amputated it." And one might also ask, what has become of the 10th Amendment to the US Constitution, the one that guarantees federalism? Our progressive masters, on the plea of the common good, amputated it.

Having subsidized the creation of a dependent socialist paradise in Europe, the U.S. now has to watch as the EU’s malign influence washes over America and other nations via international bodies, universities, nongovernmental organizations, multinational corporations and other channels.

To hear the class warriors say it, the rich aren’t paying enough. Even though the top 1 percent of earners account for nearly half of all federal tax revenues, this isn’t enough for those who live to redistribute. They want the rich to pay much, much more. Such a view is quite literally impoverishing.

We have devalued the learning value of work. In a world that has increasingly emphasized the importance of education, it would be a catastrophic failure to not celebrate the educational value of work and the ways in which school-based learning can and should enhance work opportunity and performance.

Thanks to journalism's profound and obvious hostility to the Trump administration, it has become increasingly difficult for the media to continue to claim adherence to dispassionate scientific inquiry. This departure from the scientific ideal has become more clear in the last decade.

Free market capitalism together with the drastic reduction of the state and the abolishment of politics would do away with the financial burdens that afflict the modern citizen. State intervention in economic life does not lead to prosperity. The path to affluence is the withdrawal of the state and the end of politics.

The investment into the “tools of production” not only has a longer and more sustainable effect on the livelihood of people, but it actually meets the conditions of charity in a much more profound way.

Capitalism is responsible for unprecedented levels of comfort, health, achievement, peace and personal fulfillment. All other systems are worse. And yet we are sprinting away from it. How does this happen? At first, gradually, then suddenly.

History is filled with dire warnings of this or that powerful government using extensive controls to propel its economy to a new level of wow. What history is not filed with are actual examples of economies being so propelled. Quite the opposite.

All human actions are driven by the force of entrepreneurship, which continually creates, discovers and transmits information, as it adjusts and coordinates the contradictory plans of the different individuals through competition and enables them to live and coexist in an increasingly rich and complex environment.

What the world needs is more personal freedom and economic liberty so we each may be the voluntary means to each other’s ends through the marketplace of ideas, employments, and products as we use our individual knowledge in our shared global society.

Economic growth comes from successful entrepreneurship that is also productive. And not all entrepreneurs who earn profits contribute to economic growth if they have unproductive -- or, worse, destructive -- effects on the economy.

Human nature has not changed. There will always be those who wish to rule; and to make themselves relevant, public policy think tanks and the administrative state use complexity to peddle their hopelessness.

In actual fact, the robotic automation does not eliminate jobs but repetitive rules-based tasks that require neither creativity nor humanity. Released from mindless office tasks, we will all be freed to create value through our human values and human ingenuity. We can all become entrepreneurs.

Government markets itself as the solution to the people’s problems. But the people see it as the problem – the biggest problem they face. This is a colossal marketing failure – akin to a brand-owning company like Kraft Heinz destroying the value of its brands, or a football team losing all of its games.

One of the most commonly cited arguments initially against Brexit,…

Today, socialism means projects of unusual government ambition, built on our globally shared capitalist technological and commercial base. The A380 was exactly such a project. Underwritten by massive European government subsidies, the plane was an engineering sensation. Now it’s kaput. What technological and commercial realities would its sponsors have had to overrule to assure its success?

Of course we should want everyone to be free from oppression, and of course we should want the world to be free of nuclear weapons. But we shouldn’t support the toppling of foreign governments by a power whose consistent record of disastrous regime change interventionism is established beyond a doubt.

The Poetic Justice Warrior Society exists to promote the innate talents, aspirations, and determination all human beings possess. We honor those who go before us, who inspire us with their work ethic and achievements, and who were essential in creating the lives of comfort and opportunity we enjoy today wherever capitalism is practiced. We focus on the economic way of voluntarily serving others through entrepreneurship, which is the process of converting scientific discovery into mass produced inventions that enrich the lives of everyone.

Because opinion polls do not reveal people’s constrained wants, it is illegitimate to use polls to guide government policy-making. But what are elections if not polls? In elections as in polls, no individual’s vote determines policy outcomes. Therefore, voters typically vote with less prudence and shrewdness.

Self-resourcing means examining what you know, who you know and what’s at your disposal to utilize in value creation: what knowledge, which relationships, which assets that you own, including your own thinking processes as well as productive resources like computers, phones, and software. We’ve all got immense resources at our disposal. There’s a supercomputer in every pocket, and a super idea in every mind.

If we want to maintain a free society, we have to take the money monopoly away from the government. This process has already begun and it can no longer be stopped, neither by mandate, nor by force.

Without the assurance of anonymity and independence from governments and institutions, it becomes very difficult to make the case for using a cryptocurrency over any conventional online payment system.

One of the most beneficial things anyone can do to help move humanity in a sane direction is to develop a deep, visceral understanding of and respect for the concept of sovereignty. Let this deep understanding inform your life, then let that understanding bleed out into the world.

Overall, it would appear that Germany acts as the string that keeps the bloc together and should it break, multiple challenges could surface, threatening the future of the Eurozone and the cohesion of the EU.

Human Action provided an entirely new and superb structure of correct economic methodology and theory. It is the most important book on economics of the twentieth century and quite possibly the most important book in economics, period.

The more narrowly you can define your customer, the easier it will be to understand his or her needs and deliver relative value. If you offer enough value, you can charge a high enough price to cover your associated costs. In other words, narrow is lucrative when it comes to business.

It is the entrepreneur who imagines the better future that consumers wish for, and, in the pursuit of profit, finds a way to deliver it by refreshing capital and putting it to new uses. No other system has this capability.

The bureaucrats are not as incompetent as the politicians. They will get their man, or woman. They will extract their pound of flesh, plus a fine for late payment. They will spy and surveil, they will threaten and lie in court, they will prosecute and fine. They are now our rulers.

The Yellow Vests might contain individuals with all kinds of political inclinations, but as a whole, the movement remains apolitical, and if anything, suspicious and hostile to the political class in its entirety.

After four months of debate and compromise in the 1787 sweltering heat of Independence Hall, Publius published 77 essays in New York City newspapers to sell Americans on the idea of ratifying the new Constitution. It is the most enduring achievement of the Enlightenment, and under its decentralized structure, it has proven itself to be the example for human flourishing throughout the world.

If we want to maintain a free society, we have to rebuild democracy and take the money monopoly from the government. Today, we are standing at the precipice of such a revolution. Much like the paradigm shift and massively disruptive effects of the internet in the 90s, blockchain applications and cryptocurrencies have the potential to break and rebuild the current system.

John Locke had a precise sense of what political freedom means. Natural law dictates that no one can be legitimately subject to the will of another person or group of people. Through reason, Locke proved that no one is born to serve or rule. Legitimate government protects these rights, and is created by the consent of the governed. As the Enlightenment flowered in the 18th century because of modern science and maritime trade, Locke's sense of natural law was enshrined in America's Declaration of Independence.

Let's hope government is shut down at least through 2020. This way there’s no growth in government. Congress and the White House both lose, but those of us not in government win, especially the investors and entrepreneurs who can get on with the business of creating prosperity and growth.

St. Thomas Aquinas combined the classical Greek ideal of reason with the Christian ideal of equality to usher the Catholic Church, and humanity, into the Age of Reason. Metaphorically, he invented water - what we know as the Western ideals of personal liberty, self-reliance, invention, tolerance, and limited government. The ensuing prosperity from human creativity is Poetic Justice.

The future of innovation lies squarely in the initiatives of the independent, interconnected entrepreneur. As new technologies like A.I. and global idea exchange platforms augment individual capacity, the trend towards individually ideated innovation will accelerate.

The socialist program for the U.S. would make shortages, or otherwise degrade quality, of whatever product or service is put under a public monopoly. The pace of innovation would slow, and living standards generally would be lower. These are the opportunity costs of socialism from a modern American perspective.

Ayn Rand is one of the most admired and reviled characters in 20th century literature. Her magnum opus novel, Atlas Shrugged was panned by conservatives and progressives alike, yet it had something for everyone. A strong female lead character, a pollution free motor, heroic characters, good and evil, a love story, and a thriller. It was a manifesto for Man's right to life, liberty and property - capitalism. A modern epic tale of America's Declaration of Independence, a prophecy of a dystopian future, and the recipe to avoid what actually happened to her native Russia.

The European project, the common currency and the Brussels bureaucracy will definitely not be able to sustain the blow of another exit, especially if it’s Italy that decides to leave.

"The most important period of life is from birth to age six." This quote from Maria Montessori underscores how essential it is for a young child to have engaged parents who live a life of reason, purpose, and pride. Our government schools and public universities are graduating too many future parents who have never heard of this, and eventually rely on these same schools to also act as parents. It has been going on for 50 years. It has to end.

“It can’t happen to me”, “this would never happen here” and “the government would never allow things to get that bad”, are arguably thoughts that some Venezuelans had too before the crisis spiralled out of control. In 2001, not that long ago, the country was still amongst the most prosperous nations in Latin America; or at least it appeared that way.

Chicago is proof that there is almost nothing that government entities won’t try to tax. And if you’re a Chicago resident, you might want to think twice before asking Santa for a PlayStation 4 this year, lest you have to deal with the city’s amusement tax.

According to Gallup, only 13% of people worldwide say they are engaged in their jobs - they find their work meaningful and look forward to it. Maybe this whole jobs thing might not be working too well. Innovation For Jobs (i4j) is aiming to create a new paradigm.

The whine about the wealth of the billionaire class “impoverishing millions of blue collar workers” is a total falsehood. If the common man were impoverished by the billionaires, there would be no billionaires. The shares of Microsoft, Amazon, Apple and Facebook would be in freefall to reflect the rising impoverishment of their customers and users. The common man is not only not impoverished, but is actually doing very well.

Apparently the most financially and ethically bankrupt regions of America are high-output and forward looking populations centers that deserve greater political power. The Brookings Institute is using GDP data and Bachelor Degrees to justify their attack on the US Constitution. They refuse to acknowledge that it is the American federalist system that is fundamental to peaceful human progress.

One very unequal man transformed a town and a university in ways that will pay handsome dividends for a very long time for hundreds of thousands of people. Isaac Newton surely had people like Swinney in mind when he made his “standing on the shoulders of giants” remark.

While many teens find independence through traditional entry-level jobs, like working at fast food restaurants or retail establishments, there are many opportunities for young people to become entrepreneurs even at a young age.

Capitalism might often get a bad name, but companies like MOD Pizza and many others are proving that when the free market gives back, almost everybody wins.

Barra gets it backwards. If she wants the “United States” to “lead this transformation” of passenger cars, she should be calling for the “United States” to step aside so that individuals backed by profit-hungry investors can place countless bets on the future of transportation.

Many economists make the mistake of looking at economics in terms of the collective, forgetting that the individual is the basis for which all things are possible. And that groups of people are, in reality, not a tangible unit of measurement.

Government schooling has been failing children for years. However, since it is funded through tax dollars, rather than being a product of the market, it is incredibly difficult to keep public schools, and public teachers, accountable. This is precisely why many parents have begun considering other options that are better suited to their children’s educational needs.

Hayek hoped we would reject calls for tribal loyalty - what the politicians and talking heads on TV News broadcasts have attempted to frame as "unity" - and, instead, pursue our individual ends, defined by our unique needs and life circumstances. He conceived of a system that relies on general rules of conduct, based on personal morality. But many fail to comprehend how such a system works for everyone.

Technological advances in automating work are not going to put everyone on the dole. If they were to do so, there'd be nothing in it for tech entrepreneurs.

Say invented the term "entrepreneur". He advocated for the role of the producer, because producers create markets. If we all devoted more of our energies to the production of goods and services that others find valuable, rather than to our own consumption, we'd drive the market system to even higher levels of betterment for all. "Pick Up The Torch Of Say's Law!"

What is really disturbing is not the fact that some have lower income than others, but rather that some have very little. Fortunately, this is where capitalism enters the scene. Our chart paints the spectacular reduction in global extreme poverty over the last few decades.

Each innovation increases our labor productivity, meaning we can do more work more efficiently, reaching our desired standard of living along the way. For entrepreneurs, the latest wave of automation presents new opportunities to disrupt the economy and create a brighter future for everyone.

The regulatory state goblins are canvassing the neighborhood of private interests with interesting and creative legal angles this Halloween season. And the regulators never bear any of the risks or costs of their laws and lawsuits, regardless of how inane. Their message is clear, don't invest in our regulatory targets.

Entrepreneurs expect to make mistakes. But what they don't want to do is damn their companies by making two fatal errors at the beginning of the journey. Those blunders fall into the categories of selective hearing and impulsivity.

So instead of mourning the loss of Sears, let us celebrate how lucky we are to live in a world where the market is constantly evolving and allowing consumers access to better goods and services. 

Now, every time a woman is asked to serve on a board of directors, she will wonder whether she is being chosen based on her skills, or because the company in question wants to avoid having to pay a government fine. This is not gender equality.

The Federal Reserve's sacred 2% inflation target is now supported by a 2% Fed Funds rate. Unfortunately the 2% GDP growth new normal isn't playing nice, coming in at 4%. Innovation and economic freedom are the fly in the econometric ointment.

“Someone” must be to blame for unequal distribution of incomes. Therefore, they must be punished. Their property must be involuntarily transferred to others.

Americans are more inclined to found companies than the people of other countries and are also better at turning small companies into giant ones. The U.S. was the first country to make it easy to create companies without going cap in hand to local bureaucrats who had a right to tell them what to do.

The Nobel Prize confers on an individual an authority which in economics no man ought to possess.

Pretending to use concepts of justice to limit individual achievement Is simply the ideology of socialism: to achieve total control over society because the governing elites believe it is in their power to design and determine future outcomes.

Economists should hang their heads in shame. They believe that economic growth causes inflation. Such a view isn’t serious, and is more realistically dangerous. Inflation is easily the greatest enemy of growth.

To put America back on a prosperous path that would also potentially lead to lower recidivism rates, it is imperative that we remove barriers to opportunity and reform occupational licensing laws so that those who are willing to work are able to do so.

One thing is for certain, however, no matter how many fines and regulations are instituted, the incentive to earn money overpowers the threat of government force. And Miami Beach residents are proving that the sharing economy market will not be stopped.

The federal government does not think consumers are capable of making informed decisions, or so its labeling policies would imply.

In 2016, Washington residents voted to increase the minimum wage incrementally from $9.47 an hour to $13.50 an hour by 2020. For Advent Lutheran Child Center in Spokane Valley, the minimum wage increase meant an inevitable increase in tuition costs, which has left many parents shocked and concerned.

Entrepreneurs will find ways to disrupt every industry -- it’s simply a matter of time. The lingering question is whether organizations will embrace the evolution or fight tooth and nail to avoid change. Disruption might be an inevitability, but industries that stubbornly stick to the old way of doing things are only making the process more painful.

The word entrepreneur is thrown around a lot in casual conversation. But do most of us really understand what it means?

So next time you find yourself stepping on a stray Lego left on the floor, pause before getting angry, and think about the journey that little brick has gone through to get from Billund, Denmark to the floor of our American homes. By constantly striving for excellence, utilizing specialization, and becoming creative storytellers, Lego has proven itself relevant in the digital era. 

Liberal, freedom, justice, and value add up to capitalism. This equation will easily repel another ill conceived coup spearheaded by JUST Capital, their banker Goldman Sachs, and their sanctimonious board of directors.

Any system that allows the state to determine whose life is more valuable than others should be avoided at all costs. Jim Carrey would do well to think twice before praising a socialized medicine in the future.

Sen. Bernie Sanders recently claimed that the increase in wages last year “nets out to zero” because of inflation and that “the average American worker today, despite the strong economy, is not getting ahead.” He's wrong.

Riverton, Utah just became the first city to abolish all fees associated with obtaining a business license.

The realization that the world is often quite different from what is presented in our leading newspapers and magazines is not an easy conclusion for most educated Americans to accept.

While both schooling and increased job competition with immigrants both played negligible roles, the latter playing a slightly bigger role than the former, the main culprit was the minimum wage.

Trade wars are nasty games where nobody wins and everybody loses. Trump should put a stop to this before more entrepreneurs, consumers, and charities suffer needlessly.

When personal property becomes capital, a source of income, then the obvious implication is a decentralization of capital ownership.

Successful high achievers who feel like frauds are experiencing the Impostor Syndrome. Conversely, frauds who believe themselves worthy of dominion over others are immune from this condition. In both cases, this unhealthy self-awareness can have debilitating effects on societies.

Thanks to the affordability of products like smartphones and tablets and cheap services like Netflix and iTunes, justice has been able to prevail in spite of our broken criminal justice system.

Power is a devastatingly addictive device. Once a person becomes consumed by the quest for power, individuals become nothing more than pawns to be sacrificed in the name of maintaining order and control.

Controlling the linguistic territory is the first objective toward authoritarian dominance, and it quickly worms its way into economics and finance. After all, economics is about life's values. Now, value investing has been commandeered and redefined as creating value for the future of humankind. It is a categorical imperative. It is a duty.

The best way to combat bad ideas is with good ideas. And by allowing a plethora of different opinions to be circulated on social media, you give individuals the opportunity to judge the merits of each opinion and ultimately make their own decision.

Everyone is familiar with the saying, “Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.” Yet, as much as we have oft heard this phrase recited, few of us actually make use of this wisdom.

But by understanding the root causes of a historical crisis as severe as the Great Depression, we stand a better chance at recognizing the potential for similar events to occur today. And if we know what warning signs to look for, we also stand a better chance at preventing future economic crises from occurring altogether.

Freedom and the free enterprise economy need to find their own intellectuals who can escape 19th century socialist ideas, and make the application of technology to help the weakest in a free society once more an intellectual adventure, and a deed of courage.

Toys R Us isn’t likely to be the last brick and mortar casualty of the virtual revolution. But we needn’t be discouraged by these changes. The market will always evolve and change to meet the needs of consumers. And while jobs might be temporarily lost, new jobs will always be created as part of the market process.

By treating health care as a mass product, Shetty has been able to increase the quality of care, while making it financially accessible to a wider range of people. Instead of looking to government to fix our health care system, we should be looking to innovators like Dr. Devi Shetty.

The American people are not united on much these days, or so it would seem. However, if you wanted to give Americans a reason to unite against their leader, threatening their Amazon Prime accounts would be a surefire way.

Calling owner-managers of very small businesses “self-employed” is doing all of society a disservice. Employment is the assignment to carry out specific tasks (or produce a set of fairly standardized outcomes) within an existing business. Entrepreneurs must create value. They can't offer standardized goods or services in a standard way.

We've been persuaded to think of Silicon Valley as a pinnacle of innovative technologies and the home of the leaders of the tech revolution. George Gilder thinks they're delusional and will soon be replaced.

The Tour de France is more than a sporting spectacle. It features real life examples of the things that matter for human flourishing such as teamwork, specialization, and the thinking that leads to long-term peace and prosperity.

Kids are not going to be able to relate to terms like time preference and opportunity cost. The words aren't right for them. And the concepts are too abstract. They need to be clearly grounded in a world that kids understand. A different creative strategy is needed. Enter The Tuttle Twins.

Wikipedia has become a staple in each of our lives. No matter what information we may be in search of, Wikipedia either provides what we are looking for or offers a great launching off point to further research. And while most of us routinely use the site to aid us on our quest for knowledge, few know that the site was born out of a deep respect for the work of economist, F.A. Hayek. 

“What do I know?” Today, you can answer: I am a person with access to any knowledge I need and to tools of immense power. I am networked to virtually everyone in the world, who can provide knowledge, resources, and collaboration on any issue. All resources are accessible to me.

By cutting off Cuba from the American market, we are feeding into the same rhetoric perpetrated by dictators past and present. The only way to encourage the liberation of Cuba is to show them that the market is the greatest liberator of all.  

We are losing the desire, the hunger, the sense of exploration and risk to make the world a better place. The energy comes from individual entrepreneurs, innovators, founders and researchers. The more we suppress such individualism, the more the decivilization process accelerates.

The inflow of investment funds creates valuable assets, such as more machines, more factories, and increased research and development. This raises the productivity of labor (causing wages to rise), improves work conditions, and generates greater output. Americans’ standard of living increases.

With such an abundance of words, the English language allows us the opportunity to better communicate our thoughts and feelings with others. Along those same lines, allowing for more options in a free and spontaneous marketplace allows consumers more options to better suit their personalized needs.

On paper, Raelee Nicholson would seem like the perfect candidate for a four-year college. Scoring in the 88th percentile on her college boards and receiving straight A’s in all of her honors courses, Nicholson is an excellent student. But as summer approaches and her years spent at her public high school in the south of Pittsburgh come to an end, Nicholson is not getting ready to start at a four-year university. In fact, she isn’t even planning on enrolling at a community college.

Grueling science has taught us that the relationship between space and time is like a flexible fabric that should be understood and appreciated. Science also teaches us that the relationship between creative minds and free markets is also a flexible fabric, but need not be so grueling to discover.

Without the hierarchical power of coercive government, policy-makers would have no policies to make, and there would be no wheeling and dealing with capital owners. The former would need to contribute to the economy rather than be a burden on it, and the latter would be strictly servants of consumers.

Friedrich Hayek believed that there will never be good money again until it is taken out of the hands of government. “All we can do is by some sly roundabout way introduce something that they can’t stop.”

Their plan is a "simple idea" that "could strengthen our economy, benefit working class Americans, reduce regulations, and protect our natural heritage." And it could give pigs wings, freeze hell, and invent water.

Before demonizing these garment factories, and throwing around the term, “sweatshop,” it is important to consider how they contribute to the lives of their workers. We need to judge these work environments by standards which may be foreign to our own. After all, most places are not as prosperous as America. 

Interestingly enough, the closure of China Fun coincided with the implementation of New York’s new increased minimum wage policy, which is set to incrementally rise each year until it reaches $15 an hour by 2021. As Albert Wu, the son of China Fun owners Dorothea and Felix Wu explained, these types of costly mandates have forced the restaurant to significantly raise its prices over the years.

The forthcoming series, Hardfork is unlike any other series around today. Set in a dystopian future, the series incorporates blockchain and cryptocurrencies into its storyline. The series tells the story of a radical group of rebels who utilize blockchain technology in order to hack the powers that be in order to bring the entire system down. But its content alone isn’t what makes it so spectacular. Hardfork is also the first series whose funding is being raised solely in cryptocurrency.  

This analysis also makes it clear that the policy outcomes will not change when different individuals are elected. The same voting mechanisms and the same bureaucratic response to special interest influence will prevail. There’s no point to throwing the bums out. Democracy itself is a sham.

Today's category-of-one brands are dominated by businesses creating amazing new technology. But these businesses can quickly morph from a network of prolific entrepreneurs to a hierarchy of opportunists. As such, the largest big data firms have rejected the entrepreneurial principles of individualism and free markets.

If we want to teach our children to be self-sufficient adults, we must teach them the beauty of entrepreneurship. Wealth creation is what makes the world go round. We should be teaching our children the beauty of earning money, not demonizing it.

These investors also hope to promote sustainable living by teaching locals how to grow their own food and produce renewable energy. But it does not end there, by introducing the people of Puerto Rico to the crypto economy, these investors hope to help the locals safeguard their financial futures. The hope is that “Sol” becomes one of the first cities to completely adopt the burgeoning crypto economy, setting the way for the rest of the world.

The drive for “political neutrality” is near the heart of socialist philosophy. Socialism aims to treat society as a science experiment, in which its subjects – human minds – are closed to unforeseen changes in information. Since we humans cannot immediately “explain ourselves,” socialism has to envision the world as a completely static picture. This is the only way political “neutrality” can be exercised.

There can be no doubt that Senator Sanders has only the best of intentions when it comes to his employment proposal. Most of us would all like to see lower rates of unemployment across the country. But that does not mean we ignore economic realities in order to chase the dream of “employment for all.”

We must produce before we consume. In a healthy economy, business drives economic activity by building capital goods, making things, developing services, innovating and hiring. Consumer spending is a result of business activity, not a cause.

Regular folks will question central banks and other institutions. These institutions did not exist at one point in the past, and we won’t need them in the future. And then, having done away with financial institutions, we’ll start to question the need for the institution of government.

Innovation used to be thought of as a scientific or technical process competence of skilled innovation producers. Now, innovation is a social competence practiced by those who are good at social networking. Innovation is socially embedded co-creation. The social network can include people, knowledge, devices and software. It is socio-technical.

Healthy competition makes every single one of us better. It allows us to come to terms with our limitations so that we may push ourselves to achieve bigger, better things. And it is precisely this competition that fuels market innovation. But unfortunately, competition is not always preferable for businesses that have been around forever and thus, feel as though they have earned some sort of market tenure.

Margrethe Verstager is a lifetime professional politician. She has always followed the political way, never the economic way.People like her, and the extractive political commissions like the one she heads, are a threat not just to innovation but also to the civilized open institutional framework that makes it possible.

Increasingly, the best talent is all over the world, so increasingly the whole idea is the guy who wins is the guy who pulls together the best team wherever they come from, and actually knows what they are doing, and finds the signal in the noise, and gets out there first. And, if you can do that, you can create a billion-dollar business today.

The ridesharing sector wants to ban private ownership of vehicles. This is extremely dangerous and can only lead to further restrictions that lead towards public, rather than private ownership of market commodities.

By its very definition socialism exists when the state controls the means of production. However, this definition does not apply to the Nordic model. In these countries, the means of production are primarily owned by private entities and not the government, something Sanders is strictly opposed to.

There is a reason so many prominent entrepreneurs take a deep interest in the self-improvement genre: It is essential to professional growth and success. And with personal growth comes the power to truly change the world.  

We must look, with optimism, beyond the present to the difficulty our adversaries will have sustaining their systems over time. And if their systems come undone in the next decade or the one after, Russia and China will face extreme instability.

Through a genius marketing strategy and an appreciation of the entrepreneurial spirit, the Girl Scouts have been able to turn a mediocre line of cookies into a phenomenally successful all-around customer experience.

By allowing employers to hire the best of the best, and employees to go where their skills are most appreciated, we are able to chart our own courses more so than at any other point in history. This has fostered an environment where the road to serfdom is abandoned in favor of the road to individualism. 

The unit of analysis for economics is the individual. If economics is to be a useful science, it will help individuals to make better decisions for themselves, in the context of productive collaboration with others. Let’s just help shed light on good economic decision making.

In the past few months we've written many articles about bitcoin…

The output of a service is an experience. What you actually receive is a feeling that your life is better as a result. In order to produce this result, service providers must be highly empathetic.

I had the fortunate pleasure of growing up surrounded by supremely talented musicians. Raised in a community where music was highly valued, I was exposed to a wide variety of instruments and genres. But what was most exciting about this in hindsight, was the lessons music taught me about spontaneous order.

From the days of large corporations, big factories, and mass-produced branded products and services, we are now headed towards a miniaturized, customized, co-developed future. Factories, farms and energy flows are miniaturizing. Add your unique recipe, and you've miniaturized the expert economy.

Indeed, humans could learn a lot from paying more attention to the emergent order of the animal kingdom, and less attention to arbitrary and uninformed central authority.

What if the opportunity does not “exist”? What if the entrepreneur’s contribution is to create it?

Instead of looking to Washington to fix a problem they are at least partially responsible for creating, the private market has taken matters into its own hands by providing options.

There is so much more to this film than the baseline story of society’s outcasts finding success through unconventional means. Above all, The Greatest Showman is a tribute to the entrepreneurial spirit.

The rise of cryptocurrency has presented a new opportunity for real-life heroes to truly enact change through entrepreneurial means.

What exactly do entrepreneurs do to steer the economic ship? The founder of the Austrian School, Carl Menger, had defined this very precisely in his 1871 book, Principles Of Economics. (We’ve known this stuff for a long time.)

What is perhaps most intriguing about Halo Top is its refusal to do things in the traditional way. But it is this innovative mindset and the ability to learn from mistakes that have helped Halo Top become such a success.

So-called socially responsible investing purports to seek out companies who contribute most to society. Profits are the signal that society benefits from a company's commercial activities. Look no further.

Professor Skousen relates marginal value to investing in the stock market. First, all prices on the stock market are created by a relatively few marginal buyers and sellers. Only a few of them call their broker or click the trade button on their E-Trade dashboard on any given day. Therefore, it takes only a marginal shift in investor sentiment to change the direction or accelerate the movement of stock prices on that day.

In 1944, economist philosopher F.A. Hayek published his book The Road to Serfdom. The pages of this classic work warn of the dangers our civilization is sure to meet if we continued to subscribe to collectivist ideologies, both in economics and politics.

We can all ask ourselves the individual entrepreneur's questions: Who Am I? What Do I Know? Who Do I Know? What Are My Resources? How Do I Contribute? How Do I Serve Others? Technology will be an augmenting factor, helping the individual to answer these questions and support the action plan that emerges.

Changing the way we look at the world is exactly what we all need to do in order to appreciate the potential for spontaneous order in society. So let’s listen to Sharon Glotzer’s story.

Last week, Taylor Swift’s new album officially became available on all streaming platforms. This may not seem like exciting news. After all, most albums are available on Spotify. And, the album was already released for purchase almost a month earlier.

John Maynard Keynes and F.A. Hayek were both influential men of their time. But, as discussed in the first two parts of this series, they both had very different views on how the economy should operate.

Netflix recently released an original documentary series called Hip-Hop Evolution. Already intrigued by this topic, I devoured the entire series in one evening.

You can design your own education, be your own content editor, create your own enterprise of one, or make flexible work choices tailored to your needs and preferences. Most importantly, you can adhere to your own individual values and construct your own personal brand.

In the previous chapter of The Road to Serfdom, F.A. Hayek spelled out his concerns for the problems facing America in the aftermath of WWII. Moving away from discussing domestic policy, in chapter 15, “The Prospects of International Order” Hayek discusses the grave problems associated with global governance.

England, which, as explained in the last chapter, represented the origin of individualist thought, had steadily been heading down a similar road as Germany had in the decades prior to WWII. While it may have taken a different form, when looked at from the perspective of totalitarianism in all things economic, England, as it stood in 1944, had taken swift strides away from liberalism and instead found itself headed in the direction of complete central authority.