Perhaps the biggest myth to die this year was that Americans’ constitutional rights are safeguarded by the Bill of Rights. After the Covid-19 pandemic began, governors in state after state effectively placed scores of millions of citizens under house arrest – dictates that former Attorney General Bill Barr aptly compared to “the greatest intrusion on civil liberties” since the end of slavery.
As with every other government regulation, a one-size-fits-all policy is crude and unjust and usually causes more harm than good. Hayekian “local knowledge” is needed in order to address this issue and this is something government is most unlikely to be able to provide.
For your browsing over the end of 2020 / start of 2021 holiday, here’s a selection of posts that we think are indicative of what we’re trying to say. 1. Entrepreneurship Has All The Answers You Need Individuals seek meaning and purpose in their life, beatitudo. We identify meaning and purpose in entrepreneurship. 2. The […]
It is never the business of government to regulate business. But it is perfectly acceptable for businesses to regulate the attire and conduct of employees and patrons. Consumers decide if they will go along with them or shop somewhere else. In a free society, the government wouldn’t be involved in any way.
Last week, Portnoy launched a fund to bail out small businesses and alerted his 1.8 million Twitter followers to the cause. It seems he is spending this money out of his own pockets, a heroic and commendable endeavor, and challenging others to join him in the cause. They say when a strong man takes a stand the spines of others are stiffened, and that certainly seems to be the case here.
Politics and economics become directly interfused. The state does not recognize the limits contemplated for it in capitalism, or in the Constitution for that matter. The economic arena is now also the arena of the state. Consequently, there is no sharp separation between political officials and so-called captains of industry. The captain of industry is, by virtue of his function, at the same time, a state official.
One trait all bubbles share is an obscured understanding about the value of a commodity relative to its actual worth. In this instance, it’s why you see people paying $100,000 for a degree in graphic design that might pay them $40,000.
This mindset and the BAI process – Belief, Alignment, Implementation – can be applied not only in business but in any context or setting where there is dissatisfaction with the status quo on which an entrepreneur can build a belief and a customer can express a preference. As a result, we can imagine a wide range of fields in which the entrepreneurial mindset can be applied to society’s benefit.
Homeschooling, in particular, is booming. An estimated 3.3 percent of children were homeschooled in 2016, up from 1.7 percent in 1999, according to the National Center for Education Statistics. That share roughly tripled this year to nine percent, in an Education Week survey. Gallup agrees, finding that 10 percent of children are now being homeschooled.
Logrolling is essentially the trading of favors among legislators for mutual benefit. Bills often get passed by winning the support of lawmakers by including provisions that benefit their special interests, but which may not align with any public good. As a result, successful legislation tends to be chock full of special-interest spending.
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