An Entrepreneurial Culture And The Rule Of Law Have Nourished The Nation’s Economic Dynamism.

American prosperity involves “creative destruction": obsolete activities and technologies disappear (the destruction), and capital shifts from old uses to more productive ones (the creation). Government efforts to save or bail out companies that stick with outmoded products, services, or management methods protect the existing order at the expense of innovation, growth, and future jobs.

Pundits Believe In Self-Fulfilling Prophecy: That by Predicting Recession They Can Create One.

The current economic environment—low and declining interest rates, stable prices, modest quarter-to-quarter economic growth, the absence of wars abroad—does not suggest a recession-oriented climate. Recessions typically occur in settings of rapid economic growth and rising interest rates, combined with overly bullish forecasts for stocks and business profits. That’s not the situation today.

The Southern Border Is Not Ellis Island: Why It's Harder For Today's Immigrants To Climb The Economic Ladder.

Postindustrial economies create a far more challenging path to upward mobility than the manufacturing economy of the 1930's. Education is now the most likely route to middle-class comfort and relative stability. The children of low-skilled immigrants, particularly Latinos, are struggling. Instead of climbing the income ladder, they are slipping down.
PJW Spotlight

Poetic Justice Warrior Spotlight: Ludwig van Beethoven - The First Rock Star and Software Pioneer Who Set the Stage for the Romantic Era

While the printing press was changing the world, printed music was new because it was more difficult to create. Also, mass produced pianos were taking hold, and Beethoven saw the possibilities for being the first software publisher for this new hardware. As first mover to reach mass audiences, Beethoven stumbled across an abstract concept that had not yet been named: capitalism. For the first time in history, large swaths of humanity would soon enjoy the comforts previously reserved for royal court.

Making Money Is A Patriotic Act.

The businesses we created have employed hundreds of thousands of Americans. We have paid tens of billions of dollars in wages and contributed hundreds of billions to U.S. gross domestic product, and made the tens of millions of Americans who use our products and services better off. The Home Depot lowered hardware prices across the country.

It Is Perfectly Possible To Cut Government Spending. Learn How One State In Brazil Moved Into The Black.

Brazil’s fiscal incontinence is legendary. The number of civil servants grew by 60% between 1995 and 2016, to 12m. Since public-sector workers cannot be fired or have their pay cut, they become a permanent expense once hired. Nearly 80% of government spending in Brazil goes on salaries and pensions. “Instead of a state that serves the public, you have a state that serves the state."
PJW Spotlight

Poetic Justice Warrior Spotlight: The Economics Professor Who Discovered the Only Natural Resource That Matters

The most important economic effect of population growth is the contribution of additional people to our stock of knowledge. This contribution is more than large enough to overcome the costs of population growth. The problem is not too many people, but lack of political and economic freedom. Profit is the only route to sustainability, it is up to entrepreneurs to save the world.

Green Fanatics Would Ban Airplane Travel. Entrepreneurs Will Innovate To Make Air Travel More Efficient And More Comfortable. Who Helps People More?

The phenomenal performance of innovation through businesses has not only been present in the transportation market but also in everything from faster internet to new varieties of beer, new medicines, and better delivery services. All of these things have been incentivized through the profit motive and made possible through the investment of part of that profit into R&D.
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Poetic Justice Warrior Spotlight: Freedom's Radicals Are Wonderful Teachers Who Promote Independent Thinking, Choices and Action.

One comparison to Freedom's Radicals is the illiteracy, mysticism and anarchy of the Dark Ages. In the modern and postmodern eras the comparisons include the human disasters known as the French Revolution, the Bolshevik Revolution and the Cuban Revolution. Freedom's Radicals today are creating disequilibrium in favor of peaceful human progress.

El Salvadorans Migrate To The USA, Become Productive, And Send Dollars Back Home, Disproving Both Keynesian And Monetarist Theories.

Keynesians believe government spending powers growth. No, it’s a consequence of it. Monetarists believe money creation powers economic growth. No, it’s a consequence of it. There are billions of dollars circulating in El Salador because some of the fruits of production that takes place in the U.S. are shifted down to El Salvador.

Central Planning Is Poisonous To Innovation.

Politicians think that somehow, the same government that started a war in Iraq on faulty intelligence, botched the launch of HealthCare.gov, gave us the Solyndra scandal and can keep neither Amtrak nor the Postal Service solvent, can effectively coordinate a strategic vision for American manufacturing.

The Market Is A Vast Network Of People Being Kind To Other People.

Countless minds and countless hands have contributed to the slow march of civilization and helped to create a modern world in which I can perform innumerable operations closed off to previous generations without thinking about them. As Russell Roberts put it, “Love locally, trade globally.” As it gets easier to do the latter, it gets easier to do the former.

How An Absurd Government Environmental Mandate Transfers Cash From General Motors And Fiat Chrysler To Tesla.

Tesla has generated almost $2 billion in revenue from selling regulatory credits since 2010. If manufacturers don’t sell enough non-polluting vehicles, they have to purchase credits from competitors like Tesla to make up the difference. The system is administered at the federal level by the EPA and National Highway Traffic Safety Administration.

Compared To Einstein's Theory Of Relativity, And To Verifiable Scientific Theories In General, Climate Change Theory Is Voodoo.

All the accompanying hoopla surrounding the theory of man-made global warming or climate change in our time fails to meet the criterion of testability, such as Eddington’s expedition put to test Einstein’s theory of general relativity and, hence, the so-called science of man-made global warming might well be described as voodoo-science.

5 Charts Vividly Demonstrate The Economic Divide Between Socialist Venezuela And Free Market Chile

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.

It's A Sign Of Prosperity That Alexa "Eavesdrops" On Us So That Amazon Can Better Understand And Serve Our Needs.

Life in Cuba is endless waits for seemingly everything, including basic items like spark plugs, car door latches and….sinks. The antiquated cars that populate the island are in such desperate shape that cabdrivers instruct passengers to very gingerly close their doors. Something as simple to fix (in the United States) as an inoperative door can take many months in Cuba.

Here's How We Cut The Federal Government In Half.

This would leave Federal spending limited to: the military, debt service, retirement benefits for Federal employees, and "everything else." This too could eventually be cut in half over time. At present, these categories constitute 38% of Federal spending, or 7.9% of GDP. This reduced spending commitment could be funded with a much simpler tax system.
PJW Spotlight

Poetic Justice Warrior Spotlight: Rational Philosophical Ideas Are The Root of Human Flourishing, Irrational Philosophy The Root Of Misery.

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.

The Real Story Behind the College Admissions Scandal - Skin in the Game

Why would these institutions of "higher learning" admit students who are not prepared, or whose ambitions are poorly served by college matriculation in the first place? It pays, and the way to insure the sustainability of their unearned wealth is to create, out of thin air, degreed programs that cater to the mass market of unprepared high school graduates.

Socialists Can Build An Airplane But They Can't Read And Respond To Market Signals To Keep It Flying.

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?

Billionaires Already Gave Their Fair Share.

Those politicians and commentators who push the idea that billionaires need to “give back” or pay their fair share do not understand that there is nothing to “give back” and that the “fair share” has already been contributed to society. A fair exchange took place; value for value, with the capitalist giving a good or service and the consumer reciprocating with a transfer of funds.
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Poetic Justice Warrior Spotlight: The Poetic Justice Warrior Society Manifesto

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.

Why The Market Is The Only Reliable Pollster.

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.

How 100% Economics Points You To The Life Well-Lived.

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.
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Poetic Justice Warrior Spotlight: The Titan Among The Enlightenment's Giants.

Benjamin Franklin was an inspiration to every strata of society. In the 18th century, it was commonly believed that aristocrats and commoners would live and die as such, but Franklin worked to erase this distinction. He was a commoner who became a wealthy self-made man, who lived a life or reason, purpose, and pride, and fought for all Americans, including the children of slaves, to be able to do the same.
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Poetic Justice Warrior Spotlight: The Uniquely American Self-Made Man

Perhaps no one in American history has a better claim to the title self-made man than the one who escaped from slavery to become one of the America's greatest anti-slavery activists, and an author, lecturer, and diplomat. Frederick Douglass never urged black Americans to enlist out of service to their country. They owed the country nothing. To Douglass, the United States owed black Americans the right to fight.

The World Is Getting Quietly, Relentlessly Better.

If the world is getting so much better, why does everyone seem so miserable? Perhaps because in the U.S., life is improving more slowly than in poorer countries, and in some places it is getting worse. Yet for most Americans, life is getting better: Median incomes are rising, average health is improving, and violent crime, divorce and teen pregnancy are all trending down.
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Poetic Justice Warrior Spotlight: The Classical Roman Consul Who Inspired America's Classical Liberal Constitution

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.

From Here, We Can See The Beginning Of The End Of The Government Money Fraud.

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.

The ACLU Is Quietly Abandoning Civil Liberties

The American legal system was founded on the premise that all accused individuals are innocent until they are proven guilty in a court of law. It is this maxim that sets our legal system apart from so many others. The ACLU needs to be reminded.
PJW Spotlight

Poetic Justice Warrior Spotlight: The Father of Classical Liberalism Whose Ideas Are Inscribed In Our Souls

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.

Net Neutrality Repeal: The Internet Apocalypse That Never Came

Whether the naysayers are willing to admit it or not, less government regulation results in better outcomes for both companies and consumers. So the next time we are told that a lack of regulation is going to be the end of life as we know it, we would do well to remember what really happened when the government finally freed the internet from its grasp.

The "Green New Deal": Green Socialism Is Still Socialism.

What has been proposed is nothing less than the destruction of the fossil-fuel-based energy industries which have long been the lifeblood of capitalism.  All houses and businesses are to be “upgraded” in terms of their energy use by thousands, or tens of thousands, of government bureaucrats who would presumably go door to door to enforce the state’s energy-use mandates. 
PJW Spotlight

Poetic Justice Warrior Spotlight: The Dominican Friar Who Introduced the Western World to Western Civilization.

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.

School Bans Designer Coats in Order to “Poverty Proof” Campus

Currently, global poverty is lower than ever thanks to more countries adopting free market capitalism, the same system that makes these prohibited coats available to those willing to purchase them. So while administrators try to use income inequality stats to justify their policies, the truth of the matter is that global poverty is not a growing problem but a shrinking one.
PJW Spotlight

Poetic Justice Warrior Spotlight: The Diminuitive Russian Emigre Who is America's Greatest Defender

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.

To Invest With Confidence In Turbulent Markets, Ignore The Experts With No Skin In Your Game.

In the wake of recent sell-off in US and global stock markets there is no shortage of economists and financial analysts with opinions about what happened, why it happened, and what's going to happen. None of them have any personal stake in the financial well-being of their audience, and many exist only to add to the confusion. To have confidence as investor, understanding the nature of markets is essential.
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Poetic Justice Warrior Spotlight: The Relentless Innovator in Childhood Education Who Inspires Teachers Worldwide

"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.

Venezuela: when fiat money reaches its intrinsic value

“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.

Here's How Small Business Will Take Over The Planet.

People prefer to deal with those they know, like and trust. Small business can win big on these three fronts. More and more customers will make the choice to buy from small business, especially now that technology, science, efficiency and organizational effectiveness are no longer reserved to big business.
PJW Spotlight

Poetic Justice Warrior Spotlight: A Former Slave's Determination to Transcend Politics with Philosophy and Economics in the Jim Crow South

Booker T. Washington was an advisor to Presidents Theodore Roosevelt and Taft, his autobiography, Up From Slavery, was a national bestseller, his Tuskegee University producers scientists such as George Washington Carver, and with Andrew Carnegie, he founded America's first national business network. However is story is largely unknown as its been ignored by progressive public education establishment because Booker was a champion of individualism.

The More Billionaires We Have, The Better Off We All Are.

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.
PJW Spotlight

Poetic Justice Warrior Spotlight: The Individual Mind Behind the Swedish Economic Miracle

The Swedish country parson, Anders Chydenius, is a relatively unknown giant among Enlightenment philosophers, economists, and inventors. His ideas written in the 1765 pamphlet, The National Gain, fueled the Swedish economic miracle from 1850-1950, and predated Adam Smith's Wealth of Nations. Thanks to Chydenius, Sweden was the first country in the world to adopt freedom of the press, 25 years before America's 1st Amendment, cementing economic freedom and political freedom as the co-dependent variables for human flourishing.

How The Brookings Institute Is Politicizing Gross Domestic Product To Undermine Liberty.

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.
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Poetic Justice Warrior Spotlight: The Entrepeneur Who Is Teaching Today's Children And Parents The Economic Way.

In our postmodern culture, the political way has a monopoly on the minds of our youngest thinkers. Connor Boyack is fighting back and reclaiming elementary education for parents, and the teachers of their children, to teach the economic way. The goal is to arm active young minds with the distinction between persuasion and coercion, self-reliance vs. dependence, and how to win their own futures.

The Decision to Homeschool Led to One Mother's Arrest

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.

The Mirage Of Social Justice - Conclusion: Claims For Social Justice Stand In Opposition To Every Civilized Principle.

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.
PJW Spotlight

Poetic Justice Warrior Spotlight: Jean-Baptiste Say - The Supply Side Economist Who Wrote the Textbook for Today's Entrepreneur.

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!"

Robots Do It Better: Why Automation Is Good for Business

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.

Customers Lie -- So Stop Taking Their Bad Advice

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.

The Scandinavian Economic Miracle And The Democratic Socialism That Plunders It

Democratic socialism is a popular topic in 2018 America, and the Nordic model is frequently hailed as the real-life success story to emulate. Convincing Swedes, Danes, Finns, and Norwegians of that is another story. The real Scandinavian economic success story is brilliant. It occurred in the years 1850-1950, and it was spearheaded by a Renaissance man by the name of Anders Chydenius in 1763.

International Pronouns Day Is A Thinly Veiled Attack On Individualism And Personal Integrity.

College campus life is already reeling from the effects of college admission racial quotas. Now International Pronoun Day activists are throwing salt on the wounds by expanding geometrically the number of possible identity groups. In a desperate appeal to dignity, the entire premise of the project is dissected in terms of reason, purpose, and self-respect. In other words, life-affirming values.

Hackers Know More about Consumer Relations Than Governments

gain, there can be no denying that theft of any manner is morally reprehensible, but when comparing the hackers' crime against the routine criminal acts committed by the state, there is hardly a difference between the two: except that hackers at least make the process of submitting to extortion as easy as possible.

The Difference Between Socialist Venezuela and Socialist Bolivia

Venezuela is a disaster; this is an indisputable fact. When people are eating their pets to avoid starvation, something has gone horribly wrong. And while this type of horror is typical of socialist regimes that deny the sanctity of the individual, there are still many defenders of socialism who pretend that Venezuela is an outlier instead of a prime example.

Can Parents Afford Increases to the Minimum Wage?

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.

Brick by Brick: How Lego Became the Largest Toy Company in a Digital Era

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. 

DC Tax Hike to Reward Metro for Failure and Punish Uber and Lyft for Success

This says loads about where this country stands on market competition. Washington D.C. clearly does not care what the consumers want, or they would have realized that ridesharing is the clear victor in this situation. But instead of praising someone for offering a service that works and benefits DC residents, the ridesharing sector is once again being punished for doing a great job. And this should dismay everyone.

The Internet Sales Tax Spells Danger for Small Business Owners

Prior to the South Dakota v. Wayfair, Inc. ruling, states were prohibited from collecting taxes from companies that did not have a physical location therein. This new ruling overturns the 1992 case of Quill Corp. v. North Dakota, which, in the earlier days of the internet, had protected online retailers without physical brick and mortar establishments. But all this has changed now.
Road To Serfdom

A New Perspective Becomes a Refreshing Journey on The Road to Serfdom

Friedrich Hayek's signature achievement, the Road to Serfdom, was published 75 years ago, and its ideas are as relevant as ever, but who would know? In the e-book A New Perspective on the Road to Serfdom, Brittany Hunter translates its most important lessons to the Millennial generation highlighting its overriding theme - only you own your life.

How A New Tax on Sugary Drinks Ruined a Beloved UK Soda

Forcibly taking money from one source in order to give it to another is not benevolence, no matter how great the cause in question may be. And while many leftists do not agree with this premise, they also do not like when their favorite products are altered thanks to taxation. 

Patients without Borders and the Rise of Medical Tourism

But where government intervention has failed the health care sector, free market innovation has become its savior. The rising costs of health care in both North America and Europe have actually created a void in the marketplace. And medical tourism is filling that void by offering a whole new avenue of choice for health care consumers.

Trump’s Tariffs Cause Harley-Davidson to Move Overseas

Unfortunately, other countries do not take kindly to trade barriers being arbitrarily placed on imported goods. And in many instances, when these types of policies are instituted, foreign countries respond by creating their own tariffs on American goods in retaliation. This is exactly what is happening now. The European Union is moving forward with new tariffs targeted at denim, orange juice, bourbon, motorcycles, peanut butter, motorboats, and cigarettes.

Single Mother Faced Jail Time for Selling Home Cooked Meal without a License

The state of California claims that unregulated competition hurts the restaurant industry and those who have obtained all the proper permits. However, individuals engaging in voluntary exchanges have every right to take those risks if that is their prerogative. Government-issued permits do not ensure safety. If they did, there would be zero incidences of food contamination or food poisoning at restaurants.

This Swedish Museum Celebrates Market "Failure"

While most of the products in this museum appear to be duds, each one taught their respective innovators a valuable lesson about the market process. For Coca-Cola and Heinz, both companies learned that sticking to their original recipes was more beneficial when it came to sales revenue. With each failure comes a lesson that, in the end, has resulted in a win for the consumer. 

Why The Great Depression Still Matters So Much Today

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.

The Rise of the Digital Nomad

Almost every aspect of our lives has been completely reshaped by technology. Where we once had to go out into the real world in order to meet new people and build relationships, we now use algorithms and smartphone apps instead. Cryptocurrencies, like Bitcoin have also completely redefined the way we view money and the entire financial world. But the implications of technological advancement can be felt in almost every sphere of our day to day lives, including our professional lives.

Trade Wars Lead to Depressions, Just Look at History

As we contemplate the consequences that such protectionist policies may have on our modern economy, we would be wise to take a sober look at history. For if we take a closer look at the causes that led to, and prolonged, the Great Depression, we will find that tariffs played a most important and destructive role.

Creative Destruction and the Closing of Toys R Us

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.

Local Protectionism Threatens And Limits Consumer Choice.

I’m not alone in my love for this fatty beverage. “Bulletproof coffee,” as it’s called, has become a huge dietary trend over the last few years. But for Wisconsin residents who share my love of rich, full-fat, butter coffee, buying Kerrygold grass-fed butter within state lines just became a difficult and illegal act.

Meet the Henry Ford of Heart Surgery

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.

Does Amazon Really Destroy Jobs?

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.

How Crony Capitalism Ruins Free Market Competition

The government should never be responsible for picking losers and winners. The taxi industry has failed to evolve and innovate over the years, which has allowed ridesharing services to fill a void in the market. Instead of being praised for their success, ridesharing services are being punished while taxi industries are being rewarded for failing to innovate.

Wikipedia and Hayekian Philosophy: Spontaneous Order

While the last article addressed the concept of the knowledge problem and how Wales had specifically set out to solve this problem. But in addition to making information accessible to all those who seek it, Wales also incorporated another aspect of Hayekian economics when he created Wikipedia: spontaneous order.

When Equal Access Means Zero Access for All

Last Summer, UC Berkeley was forced to remove over 20,000 lectures, videos, and other digital documents from its free online library. While the prestigious school had been generous in making its electronic resources available to the public, a violation of the Americans with Disability Act has left the University with no other choice but to remove the online archive in its entirety.

Wikipedia and Hayekian Philosophy: The Knowledge Problem

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. 

Why Economists Don't Understand People And How It Causes Them To Make Mistakes.

People make decisions based on the values they hold most dear. Those might be family values related to happiness, health and economic security. Or they may be the achievement ethics of hard work and duty. Or they may be broader values regarding helping others, or even saving the world through charity and conservation. All the economic choices people make are shaped by their values.

Cuba's Lost Generation

Old Havana is rich in the history of the Cuba, and distant reminders of its former sense of life. Light is finally shining on the creative and resilient people of Cuba who have spent the last 60 years faking loyalty to their socialist masters. Cuba's Lost Generation are now in their 50s, ready to show the world their resilience as did Hemingway's Lost Generation of 100 years ago.

When Regulations Prevent the Private Sector from Being Charitable

For charitable individuals, giving back to their communities should not be an act that is tightly regulated by government entities. Instead, these volunteers should be met with open arms and positivity from state entities, rather than being demonized unless they have first sought the government’s seal of approval.

The Great Depression and the Austrian Business Cycle

To fully understand why the Great Depression began, and why it lasted so long, it is important to consider the many different factors that contributed to this economic downturn of historical proportions. In this first part of the series, we will focus on understanding the Austrian business cycle and the role it played in the crash of 1929.

The English Language Is the Product of Spontaneous Order

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.

College Isn’t For Everyone: One Young Woman’s Story

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.

Independent Minds Discover The Flexible Fabric of Reality.

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.

How Society Benefits from the Self-Interest of the Individual

Critics like to characterize individualists as hermits, unwilling to work with the rest of society and preoccupied with their own self-interest. To be sure, self-interest does play an integral role in the classical liberal tradition. But this does not make its followers antisocial by any means. In fact, without society, our self-interests could not feasibly be served. And without self-interest, society’s ends could not be met either.

How Pure Economics Will Dethrone Politics.

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.

Why Self-Improvement and Self-Governance Go Hand in Hand

Without the ability to govern ourselves, it leaves an opening for the government to swoop in and assume responsibility for our lives. This might be why so many individualists and liberty-minded people are also deeply interested in the field of self-improvement and personal growth: One of the best ways to teach others that government force is not needed is to show how self-sufficient we can be without it.

When Uber Left Austin: How Regulations Negatively Impact Consumers

Before Uber came to town in 2014, Austin Police Department’s data showed that the city had an average of 525 drunk driving arrests per month. When these numbers were revisited a year after ridesharing came to Austin, drunk driving arrests had dropped by five percent. This trend continued the following year when the number of drunk driving arrests dropped by an additional 12 percent, bringing the average number of arrests to about 438 per month.

Crowdfunding College Tuition Is a Better Option Than Student Loans

The student loan crisis is a serious issue in this country, especially for the many Millennials struggling to make monthly student loan payments. It is currently estimated that 70 percent of all Americans graduating with bachelor’s degrees will leave college with a burden of debt on their shoulders. Left with the prospect of making student loan payments for years after they finish their degrees, many students are looking for new avenues to fund their education that does not require federal student loans.

This State Just Passed A Law Protecting Free-Range Kids

When we allow children to be children, what we are really allowing them to do is become their own unique individuals. Laws that prohibit children from being independent do little but squash this spirit of individualism and increase a child’s need for arbitrary authority. But thanks to Utah, we might soon be seeing more states protecting the rights of free-range children.

How the Regulatory State Hurts Small Business Owners

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.

Cryptocurrency Is Completely Decentralizing the Film Industry, and It's Wonderful

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.  

The "Netflix Effect" and the Wonders of Creative Destruction

As new technology emerges, there is always less of a need, and thus less consumer demand, for older and outdated models. The carriage was replaced by the car, manual labor was replaced by industrial machinery, the typewriter was replaced by the computer, and Blockbuster Video was replaced by Netflix. The key thing to remember is that with each of these innovative changes, the consumer won by gaining access to better goods and services.

The Handmaid's Tale Is a Collectivist Dystopia

Instead of arguing amongst each other and using hyperbole to further political agendas, the American people would be wise to realize that the mere existence of state power will always leave individuals open to an oppression that reeks of dystopia.

Seattle's New "Employment Tax" Ignores Economic Logic

All actions have consequences, and when those actions are meant to control the economy, the consequences can have far reaching implications. In his essay “What Is Seen and What Is Not Seen,” French economist Frédéric Bastiat explained that all government actions have consequences that are both immediately seen, and also consequences that are unseen.

When Missed Student Loan Payments Prevent You from Working

Currently, 19 states reserve the right to strip you of your occupational license if you default on your student loans. If you strip someone of their ability to work, you are not increasing the likelihood that they will pay the loan back. In fact, you are making it increasingly difficult to do so.

Could Crypto Investors Help Rebuild Puerto Rico's Economy?

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.