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.

Among the many important implications of Say’s Law is that prosperity and economic expansions are supply-side phenomena, a consequence of entrepreneurs, the profit motive, saving, investment and capital accumulation.

New York City's Commission on Human Rights announced a sweeping settlement with Prada over some of its designs, and the terms threaten artistic expression across the industry.

Even in his final days, Voltaire relished civilization in every form. In 1778, one month prior to his death, Voltaire embraced Benjamin Franklin. Here two of history's great bon vivants, one of the Old World, one of the New, one a patriarch of Europe, one a republican from America. Voltaire, who had spanned the age of classicism right up to the revolutionary era, was the most famous man of letters in all of Europe.

Indeed, the complexity of the coming changes in the legal, political, and international landscape is such that any responsible economist should admit that he or she doesn't know what's going to happen.

As a unit of account, money is why the price mechanism is essential to efficient markets. As a medium of exchange, its how the most people are able to experience and voluntarily share their pursuit of happiness. As a store of value, John Bogle saw a marvelous opportunity for value creation - exploit the price mechanism of efficient capital markets for the benefit of small investors.

2018 US GDP is estimated at $20.5 trillion. World GDP is estimated at just about $85 trillion. The Pentagon’s accounting adjustments are not only larger than the entire US GDP, but have reached over 40 percent of world GDP estimates.

How insulting for thinkers and policymakers to presume American ingenuity is so easy to recreate. Implicit in this notion that genius can be easily stolen is the mistaken presumption that the present mirrors the future. It doesn’t,

The Brookings Institution, a center-left think tank in Washington, D.C., found that, “for the first time since agriculture-based civilization began 10,000 years ago, the majority of humankind is no longer poor or vulnerable to falling into poverty.”

Though only 17, Greta is an accomplished nag. She is perpetually badgering and complaining. She demanded international leaders “immediately end all fossil fuel subsidies and immediately and completely divest from fossil fuels. We want this done now.”

If you are not allowed your values—if you must shut up if you disagree with The Party—you are not a person. You are an artifact. A thing. The leftist agenda, in a sense, denies your very humanity, by denying your human nature.

The New York Times reported in 2017 that retail giant Walmart had spent $2.7 billion in the two previous years “on training and raising wages for 1.2 million of its store workers.” Walmart similarly recognizes how crucial is talent acquisition and retention.

This jarring disconnect between the forecasts and the real Trump economy would be comical if the policy stakes weren’t so high. What is missing from these forecasts is a “general equilibrium” analysis of tariffs, with a “dynamic scoring” of their effects, to account for the new investment tariffs induce.

During the Trump Presidency, wages for the bottom 10% of earners over age 25 rose an average 5.9% annually compared to 2.4% during Barack Obama’s second term, according to the latest demographic data from the Bureau of Labor Statistics.

Professor Kian Goh, who is teaching young minds vulnerable to radical thinking, is also critical of property rights in general. He prefers “government-planned and -built public housing,” as well as “new or reconstituted forms of cooperative housing.”

The alarming levels of obesity, sleeplessness and stress seen in the world—and in the Stanford University behavior-research lab—show a painful gap between the changes people want and what they actually do.

When we're sick, we go to a doctor. To keep our computers safe, we install anti-virus software. We rely on professionals to help out with lots of complex aspects of modern life: Why not have professionals help with data, too? Call them your privacy co-pilot.

Arrow's Impossibility Theorem can be summarized well-enough: he proved that a collection of people has no “will” in the way that we understand each individual person to have a will.

Singapore's history shows that anticapitalist hostilities are by no means insurmountable. Singapore’s adherence to a liberal business model reflects the instinctive realization that a small island cannot afford the luxury of self-sufficiency.

The proposition "doing good while doing well" refers to the process by which entrepreneurs earn their wealth. It’s the benefit the community realizes as this wealth is accrued. To paraphrase Adam Smith, people enjoy the benefits of meat, beer, and bread as a result of their respective producers’ efforts to earn a profit.

The CPI might tell us that inflation is "subdued," or "muted," but there are plenty of people whose budgets are taking big hits anyway. Home prices are a big part of most households' monthly expenses and healthcare spending and higher education cause big increases in the cost of living.

Through history, economic growth has alleviated human misery, improved human happiness and opportunity, and lengthened human lives. Wealthier societies are more stable, offer better living standards, produce better medicines, and ensure greater autonomy, greater fulfillment, and more sources of fun.

Intellectuals continue to disavow the connection between socialism in theory and the unimaginably evil communist regimes in practice. At the same time, they loudly decry the fault of our society. One that in practice, has raised human beings to a dignified free life protected as never before from hopelessness before nature and men.

Value is a judgment economizing men make about the importance of the goods at their disposal for the maintenance of their lives and well-being. Hence value does not exist outside the consciousness of men.

Peak Season has been made out to be like a scene out of Ben-Hur when Charlton Heston and his fellow prisoners are rowing that galley to the beat of a drum.  Such comparisons are ludicrous.  Obviously we were driven to give nothing less than our best performance, but management went out their way to make the experience a cheerful one.

The average income in the most capitalist countries is six times higher, in real terms, than the average income in the least capitalist economies. More than 27 percent of people in the most socialist economies live in extreme poverty but that number is just 1.8 percent in freest economies.

What is the interagency, and why should its views guide the conduct of American diplomatic and national-security professionals? The Constitution grants the president the power to set defense and diplomatic policy. Where did this interagency come from?

Almost no one understands or appreciates the spontaneous order and emergent nature of complex economic systems. At the same time, government economic planners and progressive public policy think tanks deny it exists. It would make them irrelevant. Fortunately for enlightened civilization, Russ Roberts is hastening their irrelevance.

The root cause of the uprising is 40 years of repressive rule. The clerics’ plundering of the wealth and dignity of a nation, astronomical corruption, denial of basic freedoms, and suppression of women are over the top.

Why do so many American Progressives wish to put even larger swathes of our lives under political control given their belief that politics is so very easily corrupted by oligarchs and big-money donors?

The overall results suggest that the United States became less future-oriented beginning around 1970. This change has persisted.

It’s as if Travis Bickle, the violently disturbed Robert DeNiro character in “Taxi Driver,” had it right when he told fictional presidential candidate Sen. Charles Palantine it was “like an open sewer. It’s full of filth and scum,” and the next president “should flush it down the toilet.”

This group defended states’ rights—the very essence of federalism—against the Federalists, who would have been more accurately described as Nationalists. Nonetheless, what they predicted would be the results of the Constitution turned out to be true in most every respect.

The only way is through a deeper appreciation and love for family, church, community, and nationality. For too long, these centers of civic life that strengthen the individual and diminish the state have been neglected.

For many people in the United States, the fall of the Berlin Wall was a ho-hum events. For America's intelligentsia and their ignorati, Reagan was still a doofus B movie actor and socialism was the dominant philosophy of America's national media and universities. Josef Stalin's Great Terror was not taught in schools, and neither was Mao Zedong's Cultural Revolution.

What Africans have failed to grasp about capitalism and the free market is that, it is not a system intrinsic to Western culture. It is a system intrinsic to human nature regardless of race, ethnicity, or the local culture.

The idea that price-based “standards of living” have been stagnating is just misguided. New measures of GDP would help, but the larger problem is that any purely market-focused metric will miss the ability, and in fact the desire, of human beings to cooperate in groups.

By what measure are governments getting smaller, weaker, and less involved in the daily lives of human beings? In this country, at least, this case certainly can't be made by consulting the data on government taxation and spending.

Home Depot currently employs more than 400,000. Since its inception, it has created millions of jobs. Home Depot also provided health care insurance for millions of families whose husbands, wives, fathers, and mothers have worked for the company. Home Depot's vendors, many of them small businesses that have increased in value, have also created jobs as they have grown along with the chain.

Moral and social consensus is breaking down in Western countries; and to whatever extent it is still present, it is being increasingly imposed from above. Present trends toward intrusive bureaucratic government providing “democratic” socialization will not likely be reversed in the near future.

Friedrich Hayek’s The Road to Serfdom defended the individual—the only ultimate locus of choice, responsibility and morality—as the appropriate focus of efforts toward human improvement, at a time when failing to keep that focus threatened the entire world. That is a lesson we need to remember now as well.

American history has vindicated the Founders’ faith that all human beings share the same basic desire for “life, liberty and the pursuit of happiness.” This universalism makes it a challenge to draw the circle of mutual loyalty among citizens in the way that most nations do. Americans are loyal to the morality and values of the Declaration Of Independence, not to common ancestors or geography.

Between 1950 and 2010, average residential electricity consumption increased 10-fold. But after that, in a shift that captured the attention of economists, government agencies and others who monitor the energy market, consumption began to decline.

The fallacies of the diversity movement that permeate all of college life is stunning, and the fees they charge for this crime are obscene. College should be a glorious opportunity for learning and inspiriation. In fact, we live in the most open and tolerant society for self-creation the world has ever known. Yet, the academic obsession with identity is ironic, since its deconstruction roots lie in a philosophy that denied the very existence of the self.

An entrepreneur is someone who organizes, manages, and…

Local prosecutors and judges are loath to initiate misdemeanor drug cases. San Francisco police officers complain that even dealers get neither jail time nor probation. Drug courts have closed in some California cities.

In keeping with my individuality, I seek to be as independent and self-reliant—a burden to no one—as my abilities allow. I will speak for myself and gladly accept responsibility for my actions. And I have rights, the only kind of rights that make any sense: individual rights.

Ultimately, strategic mergers ensure that companies can compete in rapidly changing markets both domestically and abroad. The Trump administration is constantly looking for ways to even the playing field against China. Allowing companies to take advantage of natural synergies in order to streamline costs and make them more competitive is an underutilized tool that the administration should employ more often.

There is overwhelming evidence to suggest that empathy, rather than greed, is the true driving force of capitalism. Empathy is the ability to recognize and understand another person’s feelings and motives, and this is the most important characteristic of successful entrepreneurs.

Unlike the domination of some by others suggested by dog-eat-dog imagery, the marketplace rewards those who cooperate best in providing others what they want. Market competition—the freedom to offer cooperation on terms one is willing to accept—favors those better able to serve others, however weak they may be in politics or social power.

John Scotus was the brightest star among the invading army of Irish monks (but a layman himself) who were armed only with their books. They seemed to be everywhere, and according to Charlemagne biographer and servant Einhard, "he loved the wandering monks."

The cost of these arrangements can seriously erode local budgets, drive up property taxes, and actually coincide with the layoffs of essential personnel, including police officers and firefighters

The market gives to the plumber, the pipefitter, and the political-science professor each a real and meaningful say in how his or her life proceeds. The young man who chooses to pursue a career as a physician need not persuade 51 percent of his fellow citizens to endorse his choice.

But the Democratic field’s overwhelming focus has been asset redistribution—providing free health care to all, forgiving student debt, or giving every adult an annual stipend of $12,000.These policies move America toward the no-growth welfare states of continental Europe.

The gig economy is not a traditional economic sector. Much of the reason it has been so profitable for all involved is because its model is brilliantly innovative. Now that one state has committed to essentially dismantle the gig economy, it is likely that others will follow suit.

Thanks to the rich and superrich here, electric power is a given, so is trash collection, so is drainage, and for a growing number, so is air conditioning. And Americans of all economic classes don’t have to endure the insanity-inducing agony of endless flies.

Because in our modern economy every one of us purchases from others nearly everything we use, our economy is a vast complex of middlemen. Its supply chains span the globe, and they are mind-bogglingly efficient.

Let’s at least try to give kids a taste of the free market before the crushing government bureaucracy weighs in upon them.

“How can human carbon dioxide, which is less than 5% of natural carbon dioxide, cause 30% of today’s atmospheric carbon dioxide? It can’t.”

Before 1870, only the rich could afford whale oil and candles. With the drop in the price of kerosene, working-class people all over the nation could afford the one cent an hour that it cost to light their homes at night. Working and reading became after-dark activities new to most Americans.

Opinion polls have limited predictive value. Other metrics, such as the state of the economy, may be more important than random phone calls to registered voters. Record low unemployment, particularly for women, blacks, and Hispanics and a booming economy may be a better predictor for an incumbent President's reelection prospects.

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.

Contrast that with how the government would react if you decided to stop paying taxes because you don’t like the services it offers and provides in return. Agents of the government would descend upon you and threaten fines and imprisonment – resorting to physical assault if necessary – if you didn’t obey.

Trump talks “GO-talk” when he makes speeches about the jobs that have been lost to globalist trade policies, and when he talks about bringing manufacturing back to the USA. The globalists did great harm to the US economy by assuming that production could be shifted to low-cost labor countries while the American consumer took care of global consumption.

Given the belief that consumption is the source of output, it’s only natural that to believe government waste during the Trump years would be the cause of growth. Implicit is that Nancy Pelosi and Mitch McConnell are better allocators of precious resources than are Peter Thiel and Jeff Bezos. That's not serious.

As economist Thomas Sowell wrote, “The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”

We are culture builders. And one of the tools in the toolbox is capitalism—to form our people to compete well in the market, and to execute, to have confidence in what they are doing.”

Gains in technology and food science, along with the widespread reduction in transaction and transportation costs, have enabled producers to increase quality, get better information on what consumers want, and ship those products to stores more quickly, more safely, and all year round.

This greening is good news. It means more food for insects and deer, for elephants and mice, for fish and whales. It means higher yields for farmers; indeed, the effect has probably added about $3 trillion to farm incomes over the last 30 years. So less land is needed to feed the human population and more can be spared for wildlife instead.

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.

The brain can economize on its resources by adopting heuristics and rules of thumb. We know that the frequent application of some of these rules will lead to errors, but those rules can still make economic sense.

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.

Politicians perform ostentatious displays of publicity and political activists take to social media with grand condemnations of “social injustice” because there is social currency to be gained from doing so. The rules of the game call for it. Don't expect any real action to follow.

A periodic “spring cleaning for the regulatory state” is essential if we hope to address regulatory accumulation. For starters, we need to get rid of the problem of over-licensing and over-permitting. “Permissionless innovation” should be the default.

The idea of Bitcoin inevitability does not mix well with the logic of markets. We need markets and competition precisely because as human beings we have nowhere near the information or capacity necessary to make deterministic statements about the future. The future of money will likely look nothing like any of the possibilities we currently imagine.

Legislators should not be too hasty in altering the employment status of gig economy workers unless they want to bear the responsibility of rendering the sector completely nonexistent in the process.

All jobs if well done are virtuous and bring dignity to those performing them, no matter how menial or trivial they may appear to be. All ways of making a living are of equal moral value.

The value that the Founders placed on self-reliance and entrepreneurship can be seen in the way that they lived their lives. Benjamin Franklin -- the original self-made man -- attributed his success chiefly to his own initiative. “Energy and persistence,” he wrote, “conquer all things.”

Devaluation exists as a horrid tax on investment. Why put money to work if the exchangeable value of future monetary returns - already risky in the first place - is being shrunken by monetary authorities?

Today the rigid orthodoxy of Progressive Leftism prevails in the land.  It is a noxious compound of several related tendencies and opinions, including the application of radical doubt about the nature of reality, the widespread acceptance of moral relativism, and the imposition of political correctness.

Smith’s first published book, The Theory of Moral Sentiments [1759], is a study on how we humans develop shared ideas of fairness and morality. Our morality is not derived from a divinely inspired moral sense. It is the result of a triangulation between an actor, an action, and a viewer.

To quote Adam Smith again, "It is not from the benevolence of the butcher, the brewer or the baker that we expect our dinner, but from their regard to their own interest". If they know what others need in order to feel more valuable, entrepreneurs can design and offer products and services to meet that need.

What makes our values right and theirs wrong? Why should our views and values prevail? Under our Constitution, many practices are protected — abortion, blasphemy, pornography, flag-burning, trashing religious beliefs — that other nations regard as symptoms of a disintegrating society.

Last week’s disappointing jobs number, as well as major downward…

The capitalist bears the risk of potential losses. Appetite for risk is in limited supply. Most people are not willing to risk losing their own funds (or borrowed funds that they will have to repay) in the event their produced goods are not valued by consumers at a price higher than the production costs.

Pop quiz: what’s the most economically significant difference…

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.

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.

Today, Sanders rakes in $174,000 every year from serving in the upper chamber Senate. He has earned $2,248,500 in his 12 years there and had earned $2,272,500 from his 16 years in the House, so federal taxpayers have financed his life to the tune of more than $4.5 million.

At the apex of American society stands a heritage of individualism. The United States being a country founded by immigrants looking for freedom from the oppressive political regimes of Europe is a nation with a strong commitment to the values of individual responsibility, personal freedom, and belief in limited government.

But just because young people aren’t signing up in droves for socialism doesn’t mean they aren’t concerned about the future of the U.S. economic system. A 2015 poll by the Harvard Institute of Politics found that nearly half of 18- to 29-year-olds believe the American Dream is “dead” for them.

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.

Today minorities suffer from underdevelopment, not racism. Individual economics is the antidote to underdevelopment. Its commitment to individual responsibility, education, hard work, personal initiative, family values and free markets is a universal formula for success in a free society.

"Harmony, balance and rhythm. They're the three things that stay with you your whole life. Without them, civilization is out of whack." This is a wonderful metaphor for the life-sustaining elegance of free markets and human action.

San Diego’s law enforcement is using Briefcam to create “precise face recognition [that] rapidly pinpoints people of interest in real-time using digital images extracted from video, external image sources and pre-defined watchlists.”

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.

Economics is about economizing. To economize means to allocate whatever scarce resources are available to you in a way that extracts from those resources the most of whatever it is you want. Time is one of those scarce resources – once we’ve used it up its gone, so we must make an economizing choice.

Henry Ford didn’t build Fords for the aristocracy, he built them for ordinary Americans.  Steve Jobs didn’t create the iPhone for government elites or to meet some government mandate.  He created them for you and me.  Amazon isn’t a government-run distribution system.  It is totally and solely consumer driven.

Small businesses disperse economic resources more evenly throughout a community, and they provide more options to employees while creating more competition for large firms. Nor do small firms really pay less.

There’s no accounting for the final destination of any good. Short of Huawei hoarding all of its production, its smartphones and telecom equipment will ultimately reach Iran for the simple reason that Huawei is successful at selling so many smartphones and so much telecom equipment.

Since Kazi Mannan took over ownership of the establishment in 2013, he has been giving free meals away to the homeless every single day. And no one has ever been turned away due to an inability to pay.

The prosperity that we all enjoy as a result of the creativity, risk-taking, saving and work effort of these and other super-rich people would not exist if they had lounged around all day watching television, playing pool or reading poetry.

The impractical answer is to campaign to limit government intervention in business matters. No more tax loopholes, no more industry regulation that favors large incumbent corporations over innovative new entrants, no more legislation that favors cartels and anti-competitive behavior. Good luck with that.

But what transit advocates forget to mention is that, no matter how hard officials try to modernize the system, a government-run service will always have a major disadvantage when it comes to the market. And that’s because companies and entrepreneurs respond to real needs, providing a service where there’s a demand.

Rowe's hero is his maternal grandfather who "dropped out of the eighth grade to work. He had to. By the time he was 30, he was a master electrician, plumber, carpenter, mason, mechanic. That guy was, to me, a magician."

The logic of central planning undermines the institutions and the spirit of liberty. By concentrating power and decision-making in the hands of those in government, socialist central planning first weakens and then eliminates autonomous centers of choice and association.

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.

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.

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. 

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.

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.

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 intellectual wants the whole society to be a school writ large, to be like the environment where he did so well and was so well appreciated.”

The fact that this type of technology can be used to ensure our food safety is just further proof of blockchain’s revolutionary implications.

Central Bankers need to acknowledge how little they know about how their policies affect the economy, and how simplistic and weak their models are. Their failure to do so amounts to creating financial crises deliberately.

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.

It's well known that the top 1% seize all the income gains. The rest of us stagnate. Isn't that true? Well, no. Who says so? The Congressional Budget Office, which reports periodically on the distribution and growth of the nation's income. It recently found that most Americans had experienced clear-cut income gains since the early 1980s.

The struggle against corrupt power will be a constant tug of war, but brave, tech-savvy individuals are ensuring that the scales of power remain balanced.  

Nikola Tesla is a poetic justice warrior for his application of reason to reality, his singular purpose to marry science to practical uses, and his confidence in his ability to do it. He deserves our gratitude.

The most reliable survey ever conducted is people making voluntary choices with their money. Free markets tabulate the results and publish them in the form of prices.

You don’t have to create a product or think up a revolutionary idea in order to be an entrepreneur. No matter what your profession might be there are always opportunities to practice entrepreneurship.

Entrepreneurship is contagious, and despite major cultural differences, the power that comes with earning money is understood by all.

The FDA's vape regulations harm thousands of small and mid-size companies out of business, which ultimately benefits big tobacco.

We are always told that to live in harmony, people must strive for a common end. We must be “united”. This is the device that has been effectively employed by all dictators. To preserve civilization, we must resist the call to unity and pursue our individual ends.

Even though the “Great Recession” is a recent event, it is still largely misunderstood.

Poetic justice rewards virtue and punishes vice. It's a spontaneous force of nature. Social justice punishes virtue in order to equalize outcomes. The thinking is that reality is different for everyone. It turns out that real inequality is in the sharing of risk. The loudest proponents of social justice are the ones who do not bear the burden of their risky ideas.

The prioritization of globalization, GDP growth and consumption growth, and higher education leaves behind many American workers. The leftist elites will not tolerate “any deviation from the borderless, green, multicultural, college-educated, ….consumption-oriented society”.

Instead of trying to fix our broken system it’s time to practice some creative destruction and abandon the old ways in favor of new tech-centered approaches to health care.

Uut of nowhere, the children of the welfare state have developed the feeling that “society” owes them particular things, and that “society” must act to provide them with those things, whether it’s a free education or free healthcare or a job.

And while voting might not be the end all be all when it comes to safeguarding individual freedom, inhibiting big governments from meddling in elections serves to give further power to the individual by ensuring their unique vote is properly accounted for.

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.

When Uber and Lyft first hit the market, it completely revolutionized the concept of “hailing” a cab. And while the ridesharing industry has offered us safe and reliable alternatives to the outdated cab industry, innovation is constant.

Digital eye exams offered through companies like Opternative and subscription-based services like Hubble are helping to decentralize vision coverage, making it more affordable and accessible to everyone, whether they have insurance or not.

Rising inequality in terms of wealth is a sign of shrinking lifestyle inequality between the rich and poor. Think about it. Entrepreneurs generally amass great wealth by virtue of mass-producing the goods and services previously only enjoyed by the rich.