What is a master but a master student? And if that's true, then there's a responsibility on you to keep getting better and to explore avenues of your profession." Neil Peart's first master instructor was the legendary jazz drummer Gene Krupa.

The likelihood that someone would only ever experience either good or bad luck during their lifetime is very low. Over many years and decades, in most cases, good and bad luck should balance each other out.

Regulators are those who mostly didn't rate acceptance at elite institutions, plus it cannot be stressed enough that for the most part those who presume to regulate are the ones who couldn’t get jobs in the industries regulated.

We forget that knowledge can be found at all ages, and in all places. And ethics has nothing to do with degrees or pedigrees.

We have an implicit [but wrong] assumption that intelligence and rationality go together—or else why would we be so surprised when smart people do foolish things?

Because the Manifesto features twelve behaviors and philosophical principles, twelve individuals have been selected who are exponents for the value system that drives their heightened sense of reality

Asset price inflation destroys the purchasing power of money in the same way that price inflation of consumer goods does. If stock prices rise from, say, $100 to $200, the purchasing power of the money unit would drop by 50 percent. The owner of the stock becomes richer, while the holder of dollars become poorer.

Contrary to progressive belief, America is not divided into rigid economic strata. The incomes of the wealthy often decline, while many taxpayers go from being poor at one point to not-poor at another.

Arthur Diamond helps us understand where new ideas come from, how they diffuse, how they improve people's lives and importantly, how they can be throttled by regulators, special interests, and even cultural commentators.

I’ve lived in this city for almost 20 years, supporting my family thanks to the full-service-restaurant industry. Today I’m struggling because of a policy meant to help me. I’m proudly progressive in my politics, but my experience shows that progressives should reconsider minimum-wage laws that hurt the very workers they’re trying to protect.

Nobel Laureate Robert J. Shiller explains why this may be the case in his new book, “Narrative Economics.” As Shiller points out, when a story is repeated enough, the viral message may be accepted as conventional wisdom, more like an article of belief than a matter of reason

In the free market society - and only there - people are morally and legally viewed as sovereign individuals possessing rights to their life, liberty, and honestly acquired property, who may not be coerced.

The fourth grade students interviewed in the original 1979 60 Minutes feature were asked who their favorite authors were. Some of the answers were Dostoevsky, Shakespeare, Tolstoy, Chaucer, or Kipling. One learning method was Socratic dialogue, and years later Collins explained that since they're great at memorizing rap lyrics, Plato becomes easy. Many went on to wonderful careers in law, medicine, business, and education.

The creation of an implied multi-tier justice system expressly violates our fundamental value of the law applying equally to citizens from all walks of life and most importantly results in the increasingly intolerable and dangerous conditions existing on the streets.

Elite liberals too often talk about patriotism as if it’s a set of blinders preventing Americans from recognizing their country’s flaws. Likewise, conservative elites dismiss patriotism as a trifle to be set aside when there are higher investment returns to chase or markets to open.

The concept of social justice is rooted in the Marxist theory of man-made exploitation. Advocates of social justice argue that social inequalities are based upon the fact that those who have access to resources, do so because they have deprived the have-nots of these same opportunities.

The ultimate values are the values of the individuals who form the society; there are no superindividual values or ends. Nations may be convenient administrative units; nationalism is an alien creed.

Western governments could have chosen to leave people alone, they did not. They could have chosen sound money, they chose political fiat. They could have chosen peace, they chose entanglements.

Few regular people possess the resources necessary to mount a defense against the Justice Department's gargantuan budgets and legions of attorneys that can be aimed at any American who becomes annoying to these federal law enforcement bureaucrats and their friends.

What we are watching now is the slow burn of our democracy, not at the hands of Donald Trump, but by the Left and its eager servants in the swamp.

In the mind of this mid-level bureaucrat, American foreign policy is set not by elected officials in Washington DC, but by the bureaucrats themselves.

What bothers the opponents of environmental activism is not the environmentally conscious goals or even facts presented, but the activists’ blatant hypocrisy and aura of sanctimonious religiosity.

The definition of liberalism changed within the West itself, expanding to include values such as ethnic diversity and LGBT rights after politicians embraced what he calls left-liberal democracy. Liberalism no longer solves the people's problems.

The primary losers in this formula are middle-class workers. Between the loss of jobs and revenue, these states and cities press even harder on millions of middle-income taxpayers to make up the difference.

Harper Lee's masterpiece was an enlightening study of human nature. Her characterization of Finch illustrated the classical liberal values of self-reliance, compassion, tolerance, justice, and most of all, the essential role of a loving, dedicated father in the life of a child. Yet, there were very few examples of fatherly affection or life lessons in the play - the children were played by young adults.

Socialist tyrants were the greatest mass murderers in history, and the young must be apprised of this melancholy fact. “Stalin ranks just behind Mao as history’s second greatest mass murderer, with Hitler coming in third—all committed socialists of one sort or another.”

Another Big Myth: because all that is good in our social and economic relations is made possible by the state, each of us is deeply and forever in debt to the state. The state is supposed to be owed by each of us everlasting thanks and offerings.

Campus activism has replaced the old university creed of disinterested inquiry. Students are starting to resemble military recruits in boot camp, prepping to become hardened social-justice warriors on the frontlines of America’s new wars over climate change, gun control, abortion, and identity politics

Yet when a company adopts a new technology, it can’t set it and forget it. Staying ahead requires new features and constant upgrades. Hopper described a “technology treadmill” and said “companies will either master and re-master the technology or die.”

The innovation they came up with was Dematerialization. McAfee defines this term to mean the phenomenon of consuming more and more while taking less and less from the planet. The intense competitive improvement mechanism of capitalism caused more and more companies to seize the opportunity.

What will this legally imposed veneer of corporate morality look like? It’s clear from Warren’s campaign materials that it will involve a new and large bureaucracy, but the rules to be enforced are less clear. In short, accountable capitalism means government mandating that corporations do what Elizabeth Warren wants them to do.

The forces of enterprise and innovation are infinitely more powerful than governments. Governments have only edicts and guns to enforce them. Ideas, on the other hand, take flight because they enter into the human imagination, spread like wildfire, and construct the narrative of history itself. 

Free trade simply means the absence of government action, leaving people free to exchange goods and services across national borders. To have free trade, governments do not have to do anything; they simply have to stop doing things, such as imposing duties and tariffs or imposing regulatory barriers.

In 2010 the bourgeoisie fought back. A grassroots movement, mostly consisting of people who are not politically active, became fed-up with ever growing government power and debt. Local Tea Party groups organized themselves all of the country and found a champion with a massive audience and political influence in Rush Limbaugh.

Big Brother has for decades been systematically wiping out competing forces in all three countries, hollowing out institutions that previously ordered society — family, religion, cultural cohesiveness. Everywhere, the family is in crisis. Marriage rates are at record lows as government programs systematically undermine the institution.

What motive would others have to use a teenage girl to support their agenda?  The usual motive is money, and a lot of it: a Green New Deal for investment banks and other climate profiteers and a raw deal for everybody else.

Our society’s obsession with the president is both a cause and a consequence of his immense power. Public policy today is almost exclusively directed from the Oval Office and so, of course, we end up paying a lot of attention to the chief executive.

On the subject of climate change abatement, the absence of rational analysis and the willful ignorance of facts is counterproductive. Rather than promoting a feasible approach to dealing with climate change, the magnitude of which remains uncertain, the focus is on unfeasible approaches and unachievable goals.

How long will Silicon Valley’s leaders accept these conditions? Both Lyft and Uber have shifted some of their operations out of state, Lyft to Nashville and Uber to north Dallas. Apple has opened a huge new operation in the suburbs outside Austin. But there may be no escape if the ascendant Elizabeth Warren or Bernie Sanders ends up in the White House.

Government measures economic activities that can be tracked, counted, and ranked based on dollar values and production totals, and reports them as having value. But there is an enormous amount of human effort that goes to activities that produce well-being and cannot be measured in this way.

He knew despair as well as anyone, and he knew redemption even more. He paid it forward with the morality and resources of a successful capitalist. As the novel marvelously illustrates, Valjean had respect and compassion for the aspirations of his employees, customers and strangers.

For relatively low acquisition costs, drones and integrated devices such as cameras and sensors can become complete data collection systems for real estate, construction, agriculture, and security. Barriers to entry are low.

The claim about youth’s transformative commitment to radical environmental change is bunk. People give up what they’re willing to give up. One’s own habits are necessary, their behavior tells us; it’s everyone else’s that need to change.

Democratic candidates are all saying they love jobs and opportunity, but with forked tongues. Out of the mouth’s other side, they’re saying opportunity will somehow be abundant in concert with the confiscation of wealth held by business owners. It can't be.

The intellectuals acquire a discontented frame of mind, and become resentful. Resentment rationalizes itself into the social criticism of the economic spectator. This, in turn, creates a hostile atmosphere surrounding the engine of capitalism.

Many Angelenos are doing the exact opposite of what Mr. Washington would like. Hugh Brockington, a musician who lives in the L.A. suburb of Pasadena, rode buses to auditions all over the city, until the frustration of slow travel got the better of his good intentions. “I just couldn’t do it anymore,” he said.

Cultural Marxism aims to destroy the family; mobilize women as revolutionaries against men, through aggressive feminism; encourage large-scale immigration to abolish national identity; create dependency on the state and state benefits; and control and infantilize the media.

We must make the building of a free society once more an intellectual adventure, a deed of courage. What we lack is a liberal Utopia, a program which seems neither a mere defense of things as they are nor a diluted kind of socialism, but a truly liberal radicalism. There must be people who are willing to stick to principles and to fight for their full realization, however remote.

In addition to economic prosperity, employment gives individuals a sense of dignity and self-sufficiency that helps them lead more fulfilling lives. Mame Mareme Cisse, another female employee at Skin Is Skin, explains, “This work has changed a lot in my life. Now I can provide everything I need for myself without having to ask anyone for it.”

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.

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.

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.

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.

To make a judgment that the citizens should prefer clean energy and its cost structure requires an objective assessment of what they should be valuing. Such judgments are often made by experts, intellectuals, scientists, bureaucrats, and commentators.  Citizens’ perception of value is entirely subjective.

Here’s what not to do: force explicit, obnoxious, and controversial political messages into areas that are not inherently political. If you make kids’ movies like Disney, pressuring states to not adopt anti-abortion laws is actively trying to kill off your own target demographic.

For a quarter century now there has prevailed the myth of American middle-class economic stagnation. Specifically, this myth holds that ordinary Americans’ living standards hit a peak in the mid-1970s and have remained stagnant ever since. But the statistics used to tell the stagnation myth are seriously flawed.

Many younger Americans think collectivism is the answer to all of our current problems. Redistribute everything and spread the wealth. End inequality. Tax the rich harshly to help the poor. Is it really liberal to use identity politics as a means of judging people?

Venezuela’s institutional and cultural decline began in the 1970s with the nationalization of its oil industry and the state’s rapid encroachment into the economy. The last 50 years of Venezuelan economic history have been filled with sub-optimal economic interventions.

The climate change alarmists are given a free pass to throw out the most absurd rhetoric, such as a recent author’s warning that potentially billions of people could die because of human-caused climate change. Yet despite their claimed fidelity to the “consensus science,” such claims are not supported by the UN’s own climate change reports.

The national conservatism we are developing is going to have some hard edges and provoke some clever counterattacks and dismissals. The rancor proves the seriousness of the challenge we face.

In effect, debt financing allows government to spend money today while foisting the tab on future taxpayers – many of whom, literally, aren’t yet born. Politicians eager to win votes are thus prone to borrow and spend excessively because borrowing allows the current generation to free-ride on the incomes of future generations.

The literature on democracy and growth implies that there is no reason to reject an alternative history in which the world’s leading industrial economy was a nondemocracy. Nor why we could not see some very rich nondemocracies in the future.

When today's democratic socialists are asked to explain their ideology, they tend to skimp on the substantial structural questions and lean on paeans to dignity, generosity, and equality. Ocasio-Cortez defines it as "democratic participation in our economic dignity."

Income inequality stirs up emotions in many people, but sadly the first casualty to the passions is the truth. It is vital to factually evaluate inequality data, failure to do so will continue to enable the growth of the federal leviathan.

The modern state has acquired a crushing power and a police more effective than at any time in history. “No absolute monarch ever had at his disposal a police force comparable to those of modern democracies.” Power has continued and continues to grow.

The Founding Fathers understood liberty as the right of each individual to pursue his or her own desires, ambitions, and interests, so long as they did violate the rights of other individuals in the process. Thomas Jefferson enshrined liberty as a natural right in the Declaration of Independence.

The notion that public space is for any and all purposes can be found in opposition to so-called "hostile architecture." This is a term invented by activists who oppose the use of urban design to discourage the use of public spaces in ways not intended by the city or private owner.

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.

FALC is a strong brew of technological determinism, sunny utopianism, and souped-up socialism: Let the robots do all the work, and let humans enjoy the fruits of their labor in equal measure. The idea has come into vogue over the past half-decade or so among progressive thinkers concerned about inequality and stagnation.

The decision is bad; it's an extension of the city's straw ban, plastic bag ban, and all the other Big Brother bans that make San Francisco more politically correct than liveable. Nothing is solved with these bans and quality of life is never improved any more than the earth is saved

Wages in May for nonsupervisory employees increased 3.4% year over year, the 10th consecutive month at or above 3%—after a stretch in which wage growth had been below 3% for every month since May 2009. The recent gains were even more significant for workers in traditional low-wage sectors.

The more politicians use the phrase “the American people,” I believe, the less they are to be trusted.

Many difficulties of coordination remain. But it’s interesting to think of just what can be accomplished even on this modest scale. Many of the problems of unaccountability in bureaucracy are solved, because the activities and prices are private bids.

The debate now over socialism versus capitalism conceals the cruder reality that the parties of the left—whether in the U.S., U.K., Germany or the nation-state of California—have come to regard the private sector as an alien tribe whose only function is to finance the public machinery that runs welfare, health and now climate protocols.

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.

Negative interest rates? The very notion speaks to an artificial attempt to create what already exists (low-interest lending to concepts with certainty) without improving the economic outlook one iota. True growth is driven by surprise and uncertainty.

I would encourage graduates to marvel at the modern world. I would make clear that the best way for them to change the world — really, the only way to change it for the better — is to work to strengthen and spread the commitment to individual liberty and free markets.

Why do intellectuals, particularly university professors, resent capitalism? Simple, Mises explains: they resent the higher incomes and prestige of the risk-taking, entrepreneurial widget makers they look down upon.

Such harsh words are used about profit, and yet it is the social signal of approval. People who are benefiting from capitalism, like Hollywood celebrities and Silicon Valley billionaires, do not understand capitalism and decry it. What should entrepreneurs do? Just keep working at entrepreneurship.

The Earth's atoms may be fixed, but the possible combinations of those atoms are infinite. What matters, then, is not the physical limits of our planet, but human freedom to experiment and reimagine the use of resources that we have."

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.

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.

The Federal Reserve has been and is the root cause of all this monetary chaos and crises. That’s what central planning does. That’s what any socialist system does.

The executives and/or founders of large companies increasingly consider it their civic and moral duty to use the influences and powers of their businesses to censor or suppress political and/or inconvenient ideas they do not support or find offensive.

Where government moves in, community retreats, civil society disintegrates, and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit.

Conservatives are often seen calling for reforms of government programs, and sometimes offer very specific suggestions. Libertarians call for repeal, abolition or dismantling of government programs.

It's bizarre is that people cannot even summarize the argument for capitalism coherently. At best, they might say something about self-interest, or freedom. That’s even the ones who like capitalism, mind you. The opponents will say something about greed, and inequality, and maybe exploitation.

Consider Gross Domestic Product, a production of the Bureau of Economic Analysis. It's this misguided accounting abstraction that has a president whom she despises ranting about so-called “deficits” in trade. But we have these “deficits” precisely because the U.S. is a magnet for both investment and imports.

Scarcity is not just a matter of how much there is of something (supply) but also considers how much people want something (demand). The higher the price, the greater the scarcity. The lower the price, the lesser the scarcity.

Here’s more good news. According to the Environmental Protection Agency, “Between 1970 and 2017, the combined emissions of the six common pollutants (PM2.5 and PM10, SO2, NOx, VOCs, CO and Pb) dropped by 73%.”

Schumpeter’s first lesson: Change happens - but only in the right policy environment. Schumpeter's second lesson: Incentives matter. Entrepreneurs will continuously drive dynamic, disruptive change, but only if public policy allows it.

The Democratic Party’s latest flavor of the week, Pete Buttigieg,…

The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we want to live in.

When you no longer need to own a car, there is a huge convenience gain. Not only that, but resources become better utilized as owned automobiles no longer are wastefully parked in garages for long stretches, and consumers don't have to tie up their capital in something as banal as personal transportation.

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.

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.

To beat the Amazons and Starbucks of the world, we need to come up with our own ways to disrupt static industries, regardless of our business. Here are some of those first steps.

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.

Since the sea is unclaimed territory, creating medical facilities, whether on ships or floating islands, allows medical innovators to bypass the regulatory processes that are keeping patients from receiving the care they need.

Brexiteers are the provincial artisan class, the butcher, baker, mechanic, hairdresser, cabbie, carpenter. People who do a real job, folks with patriotic traditional values laced with common sense. They outnumber bureaucrats, politicians, bankers and the metropolitan chattering classes.

If a frog turns right and catches a fly, and then turns left and catches a fly, and then turns around backward and catches a fly, the purpose of the frog has to do not with turning left or right or backward but with catching flies.

As it turns out, in 1971 Senator Sanders was asked to leave a socialist commune because of his refusal to pitch in and help out on the farm. 

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.

There is a lot to be grateful for in our digital era. With each new technology, our lives are getting more convenient across the board.

Millennials love capitalism too.  Don’t take my word for it, just consider what companies are doing to win their services, plus consider what businesses are doing to win their future patronage.

As a child, each day when she came home from school, Blakely's father would ask her if she had experienced failure. If she said no, he would express disappointment. Complete lack of failure meant she wasn’t pushing herself to her limits.

A lot of time passes before the capitalist receives income from the consumer, and the entire process is subject to risk and uncertainty. The capitalists receive their reward because of waiting and of bearing risks and uncertainties, while the wage earners receive their remuneration regularly long before the product reaches the final consumer.

The concept is simple: a sober social network where anyone who is clean for 48 hours can realize their potential through physical fitness.

On the other hand, where the government has failed to help those in need, the private sector has been revolutionizing the way we view charity. And when it comes to alleviating food insecurity, one woman has created an app that is using blockchain technology to connect those with excess food to those who need it most.

The right-to-work movement has cause for celebration, as last week’s landmark decision by the Supreme Court has ushered in a new era of freedom of association, signaling the end of an era of union intimidation. In a 5-4 decision, SCOTUS ruled in favor of the plaintiff, Mark Janus, in the case of Janus v. American Federation of State, County and Municipal Employees.

Ocasio-Cortez can complain about capitalism all she wants, but until she is willing to give up her Uber rides, it is unlikely that she will be taken seriously.

It seems like the real problem here is that Amazon success has made many progressives feel as if they are entitled to some of its profits.