“Economics was everywhere and politics nowhere” was a phrase used to describe this productive, energetic, innovative, decentralized trading nation in the mid nineteenth century. What a wonderful picture of economic freedom unencumbered by political extraction is conjured up by that description.
About Hunter Hastings
Hunter Hastings is the Executive Director at Center for Individualism. He's an economist, venture capitalist, and lifelong advocate for liberty, economic freedom, and individual entrepreneurship.
Hunter’s current research is focused on the intersection of 21st century individualism, emerging technology and the radical decentralization that is freeing markets and creating a new spectrum of individual opportunity. His newest book is The Interconnected Individual, co-authored with Jeff Saperstein, to be published by Business Expert Press in 2018.
Entries by Hunter Hastings
Sen. Bernie Sanders recently claimed that the increase in wages last year “nets out to zero” because of inflation and that “the average American worker today, despite the strong economy, is not getting ahead.” He’s wrong.
The realization that the world is often quite different from what is presented in our leading newspapers and magazines is not an easy conclusion for most educated Americans to accept.
We can escape the constraints and limitations of the establishment and their restrictive social contract not so much by rebelling but by parallel pathing.
When personal property becomes capital, a source of income, then the obvious implication is a decentralization of capital ownership.
“Getting 100,000 miles out of a car in the 1970s was cause for celebration,” economist Steven Horwitz wrote in a 2015 paper. “Not getting 100,000 miles out of a car today is cause to think you bought a lemon.”
The new model-driven business has no organization and no process. It has data, algorithms and models, continuously learning and improving based on consumer input, without the hands or preferences or slow decision-making of managers and executives or the concrete pathways of business process software getting in the way.
Efficiency, effectiveness and financial and business performance no longer have anything to do with size or scale. The entire economics of scale have changed. What we learned in school no longer applies. We need to unlearn it if we are to have any hope of understanding the future.
In 1517, Martin Luther challenged the incumbent system of the world. Today, there is another fundamental system under challenge: the credentialism of higher education
Entrepreneurs are theorists of the future. Theories are counterfactual. They are not based on data or research. They can’t be, because you can’t research what doesn’t exist. Theories open up previously unseen paths.
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