People study the nature of things to understand possibilities and manage risk. The currency of the scientist, economist, and entrepreneur is reality. Complex systems like cancer are being confronted with a new network of enemies armed with and old theorem.

The emergence of a managerial class was aimed at eliminating the influence of owners and shareholders. Much of the industry that has grown up around managerial processes, "strategy", consulting and business school studies is just an accumulation of additional managerial costs and expanded managerial staffing, with no consumer value.

The decision to launch Paving for Pizza was born out of an unmet demand in the marketplace. The government was failing to meet the needs of drivers on the road, which in turn was inhibiting Domino’s ability to live up to its promise of offering quality products to its consumers.

All in all, this technology is allowing individuals to live a more free, decentralized life, which is truly the key to individualism.

As consumers of knowledge, we can no longer be passive. Knowing is a practice at which we can each improve our capability. Knowledge entrepreneurs are creating new ways of developing, diffusing, and using knowledge, and devices are giving us new means of access and engagement.

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.

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.

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.

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.

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.

Airbnb has completely changed the way we think about travel. And while the Silicon Valley brainchild has become a household name over the last several years, you might be surprised to learn that a custom seat cushion played an integral role in the story of Airbnb’s founding.

Blockchain technology is completely changing the world for the better.

Just as a capital good’s price point in a free market would be based on its marginal productivity, in wrestling, pay is based on the character’s popularity with the audiences and their ability to sell merchandise, which, at the end of the day is making more money for the company.

Without crypto pioneers like Beccy and Austin, Bitcoin would have never obtained the level of success it already has. It takes individuals, and the communities those individuals make up to change hearts and minds.

As the blockchain begins to be embraced by more people, it is opening up a new frontier for entrepreneurs. The 4th Pillar is just one of many organizations that have identified a way in which the blockchain can be used to make our lives easier and more efficient. 

Little words matter a lot. As cultures evolve so do languages. New words and meanings are added while others are dropped. Nouns and verbs may change most, but it is not a good idea to override pronouns in conformity with changing social pressures. Authoritarianism begins with people's attempts to control the ideological and linguistic territory.

According to research done by Marijuana Business Daily, 36 percent of the industry’s executive positions are held by women. On its face value this may not appear to be a giant leap forward for womankind, but when compared to other fields it becomes obvious that there is something truly unique about women in the marijuana industry.

Over the last decade, college tuition has risen over 40 percent across the board. With such a drastic increase in tuition, many students have turned to the government to subsidize their education costs. However, with the total amount of American student loan debt now surpassing the total amount of American credit card debt, there can be no denying that there is something seriously wrong with our system of higher education.

Entrepreneurship inspires while the government restrains. Those who want to work and create value should be allowed to do so without having to beg for the state’s permission.

The market is a liberator of all people, regardless of their circumstances. It exists to help all those who are willing to utilize it well.

For those of us sick of waiting on hold to speak to an IRS representative ever year, this is a game changer. Though it might not fully abolish the bitter feelings tax season arouses within us all, this is definitely an example of the free market making bureaucracy more tolerable.  

Not only does his decision to leave highlight Thiel’s own dedication to his work and his free market principles, it also highlights the absurdity of Silicon Valley.

The Entrepreneurial attitude is active management of your life path while bearing the future uncertainty, whether as business owner / founder or in another role. You will actively navigate your own career, making frequent changes and taking new pathways as you pursue new opportunities.

While many would applaud his drive and entrepreneurial spirit, the county has instead chosen to reprimand Chandler and his roommates for earning a living without first seeking the government’s permission.   

The idea that government can determine the opportunities for all, and especially that it can ensure that they are the same for all, is in conflict with the whole rationale of a free society.

Entrepreneurs should seek unique knowledge, make a unique benefit promise to customers, identify a niche that no-one else has identified, and generally be comfortable with being the only occupier of a commercial space. Initially they might be viewed as crazy or taking excessive risk or out on a limb.

The truth of the matter is, as Mises explains, that most socialists understand that liberalism, and thus capitalism, offers the best medium in which all people have the opportunity to flourish.

Taking responsibility, including moral and ethical responsibility as well as financial responsibility, for the downside risk of one’s entrepreneurial efforts is what holds society together. It is transparency and honesty and authenticity. It is the honorable life, the only one worth living.

Patreon has brought that same principle into the modern world. Now, independent journalist, writers, vloggers, and other artists are able to produce work while accepting funds from patrons who have a vested interest in the work. This has helped many make lucrative careers while pursuing what they love to do.

While the public education system has done much to disappoint many Americans over the years, it is no wonder that the millennial generation accustomed to choice in every aspect of their lives, favors more educational opportunities for their own children.

Capitalism has allowed wealth to be created while also creating abundant value in the lives of all those who reap the benefits of innovation: which is every single actor involved in the market process, both consumer and creator.

Entrepreneurs exercise a uniquely human form of imagination, based on unique knowledge that only they possess. They imagine a state of affairs that does not exist today, that they believe they can bring to fruition in the future as a result of their own actions. This is not the extrapolation of existing data. This is creativity

As Mises explains in Liberalism, the most impactful argument against war comes in the form of a basic economic principle from which we each benefit: the division of labor.

Progressives' goal is the entire reconstruction of society, and their views are a threat to civilization, says Hayek. Conservatives err when they try to maintain their own personal standing within the existing order without resisting this anti-civilizational crusade.

Unfortunately, under Trump’s vision, tyrannical foreign policy will continue, the drug war will continue, and those plagued by trauma run the risk of taking their own lives before the state allows them access to potentially lifesaving treatments.

There's a new measurement of economic activity called Gross Output. GO measures spending throughout the entire production process, at every entrepreneurial stage. This is consistent with economic growth theory – entrepreneurs drive growth.

In the market, the individual takes the risk to find out if the results of his or her efforts create value for others, both moral and commercial. Everyone does their best, and the preferences of consumers tell producers what to produce more of and less of.

If Trump wants to leave behind a legacy that promotes free market principles, he needs to adopt a consistent message across the board. And while he should definitely continue with the tax cuts, our economy can do without the rampant protectionism.

For those who do not wish to accumulate debt, and whose desired career fields do not require a degree, college is not the end all be all.

Instead of getting bogged down by failure because you were not able to fully cut sugar from your diet or because you failed to visit the gym as often as you had hoped, why not treat your own life like the market and celebrate failure as a tool for growth.

The emergent technologies of A.I., cloud computing, and global talent and commerce platforms will place increased demands on each of us to define our specialist value, specialist skills and specialist contribution in the interconnected global economy. These are the aptitudes required to meet those demands.

The more government involves itself in health care, the harder it becomes to find quality services at affordable prices. As the state has inserted itself more heavily into the health sector over the last several years, many Americans are left searching for alternatives to traditional services.

Spontaneous order is the happy result that emerges as the best outcome for all participants when there is no government, no hierarchy, no control and no central direction, just a few general rules that apply to everyone equally. When systems are left to operate under these conditions, order emerges. There's now a process that captures the concept: inverse design.

Digital entrepreneurs - "inno-mediaries" - are shaping markets as they create the new ways of developing, diffusing and using knowledge, and new ways to generate and promote innovation. They encourage new innovators to enter into the co-creation of innovation by enabling new practices through the use of diverse resources.

John Maynard Keynes and F.A. Hayek are two of the most controversial economic figures of the 20th century. Both made huge contributions to the field of economics and both stand in direct opposition to each other, which is one reason why they have presented such a fascinating juxtaposition over the last century.

As a Millennial, I will admit that I’ve never seen the original Miracle on 34thStreet. However, the 1994 remake of the film holds a special place in my heart. While watching the film again for the first time in almost 15 years, I realized something I had never noticed before: the film is a wonderful lesson in human action and the basic principles of free market economics.

The Road To Individualism will be signposted by new technologies, universally available to augment individual capability and open up individual opportunity.

In chapter 14 of The Road to Serfdom, “Material Conditions and Ideal Ends,” Hayek focuses on the path forward now that the Second World War was coming to an end. Specifically, he explains that calling on the state to coercively act in the name of the “greater good” is not a moral act worthy of praise.

Americans just want a better chance of achieving success themselves – they do not want redistributive government policies, they want ones that give everyone a fair shot at success, reflecting bedrock American belief in the individual’s ability to succeed through hard work.

In chapter 10 of The Road to Serfdom, Hayek describes how some of the worst people always end up rising to the top of the political heap. Continuing to touch on this theme in the eleventh chapter, Hayek digs even deeper and discusses the control of information and the very basis of truth in a planned society.

Our human brains do not seem to be able to understand or conceive of a system of emergent order for the social organization of the species. We insist on a linear vision of cause and effect, on hubristic processes of design, and on rigid authoritarian and hierarchical social structures.

In chapter ten of The Road to Serfdom, “Why the Worst Get on Top,” Hayek continues to warn about the dangers of planned economies, but with a slightly different approach from earlier chapters.

A brief list of helpful readings to guide you through the first half of F.A. Hayek's economic classic, The Road to Serfdom.

What socialists forget is that the free market is the only vessel from which equal access to our ambitions can be achieved without force.

North Carolina resident, Jasna Bukvic-Bhayani wanted to open a cosmetology school. But the state shut her down before she could even begin.

Even though the fear of machinery has recurred throughout history, the reality has never seemed to turn out the way the scaremongers claimed it would.

Over the past several years, there has been a crackdown on child entrepreneurs. But one state took huge steps to protect the neighborhood lemonade stand.

The maturing technologies of cloud computing, cognitive computing, virtual and augmented reality, artificial intelligence, big data analytics, global exchange and logistics platforms can all provide the individual with self-directed, self-resourcing economic power. If the old institutions decay around us, we need not worry, because the new ones are forming and will serve us much better.

Regulatory practices should be fought at every step. After all, if you give the government an inch, they will take a mile.  

To reduce each individual decision down to a person’s gender is not only insulting, it also completely neglects the importance of human action.

Market failure should never be viewed as a sign to give up and throw in the towel. Instead, it should be welcomed and celebrated as part of the market process.

The Road to Serfdom is a warning, not just against one party but all ideological positions that reject individualism for one or another version of the planning state.

When asked if they favored a free market economy or a government-managed economy, sixty-four percent of Millennials said they favored free-market capitalism.

Last month the world celebrated the birthday of the hashtag.…

In the USA, broad and deep government control is preferred to individual freedom of action; that control is continuously advancing and strengthening; and those who resist the control are met with coercive constraint.

Individualism is on trial. Its proponents claim that it encourages social progress and generates economic opportunity. Its accusers contend that it breeds selfishness and economic injustice. But what does the evidence show?