By Raushan Gross Ludwig von Mises eloquently wrote in Bureaucracy (1944), “...thus the capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalist, the entrepreneurs, and the farmers are the people’s mandatories.” Entrepreneurs are sensitive to consumer dissatisfaction, seek to … [Read more...] about How Entrepreneurs Discover Market Opportunities Through Dissatisfaction
Chicago Teachers’ Strike Shows Why We Don’t Need Public Schools
By Kerry McDonald As the Chicago teachers’ strike continues with no end in sight, 300,000 students spend another day outside of the public school classroom. Chicago’s mayor, Lori Lightfoot, says this is damaging to children. "We need to get our kids back in school," the mayor said Thursday, CNN reports. "Every day we are out, that hurts our children." But Are the … [Read more...] about Chicago Teachers’ Strike Shows Why We Don’t Need Public Schools
Proposed Federal Vaping Ban Is Bigger Than Vaping
By John Michaels The Trump administration is aggressively pushing an unconstitutional ban on all flavored vape products after reports that over 1,000 people have become ill and roughly two-dozen people have died, supposedly from “vaping.” Vaping has been called an “epidemic” even though vaping has been around for over 10 years with no prior reports of anything like this … [Read more...] about Proposed Federal Vaping Ban Is Bigger Than Vaping
Property Rights Are What Separate Humans from the Animal Kingdom
By Gary M. Galles As someone who has studied public policy for decades, I have frequently been struck by how many people are so committed to their favorite ism or “answer” on an issue that they will ignore powerful contradictory analysis and evidence that is only a couple easy keystrokes away, or even when it is right in front of them. A good example of this willful … [Read more...] about Property Rights Are What Separate Humans from the Animal Kingdom
Teachers Who Quit to Create Schooling Alternatives
By Kerry McDonald It’s not uncommon for public school teachers to experience burnout or feel demoralized by the weight of their work. Many leave the classroom and the education profession behind to pursue other careers. In fact, U.S. Labor Department data reveal that public school educators are quitting their jobs at record-breaking rates. But some public school teachers … [Read more...] about Teachers Who Quit to Create Schooling Alternatives
How Cronyism Created New York City’s Taxi Medallion Bubble
By Daniel Kowalski If one wanted to study the difference between an industry that exists in a very free market and its exact counterpart in a system of extreme government regulation, then you don’t need to look further than the New York City taxi industry. New York City yellow cabs entered government regulation in 1937 when city officials decided that something needed to be … [Read more...] about How Cronyism Created New York City’s Taxi Medallion Bubble
These Are The Top American Cities For Starting A Small Business
By Tyler Durden Friday's jobs report has helped stoke speculation that the American labor market is finally beginning to cool (though the 136k jobs number was still better than the whisper number, which saw September payrolls sinking below 100k). As the pace of hiring slows, more Americans might be forced to make bold career moves - like deciding to start their own … [Read more...] about These Are The Top American Cities For Starting A Small Business
200,000 People Have Signed Ross Ulbricht’s Clemency Petition
By Jamie Redman Ross Ulbricht is forced to spend the rest of his life in prison, and October 1 marked the beginning of his seventh year behind bars. Ulbricht has recently authored a letter explaining that he’s “forgotten what freedom actually feels like” and he’s also realized that he lost some of the “best years of his life.” Meanwhile, Ulbricht’s clemency petition has been … [Read more...] about 200,000 People Have Signed Ross Ulbricht’s Clemency Petition
Are Entrepreneurs Born or Made?
By Raushan Gross “At birth human infants regardless of their heredity, are as equal as Fords,” wrote Ludwig von Mises in his salient book, Theory and History: The Interpretation of Social and Economic Evolution. However, Mises contended that this is far from the reality of human action and how flesh-and-blood people operate in the market. While people may be born with … [Read more...] about Are Entrepreneurs Born or Made?
I, Individual: Why the Individual Should Be Celebrated
By Lawrence W. Reed If it’s a coincidence that “individual” begins with a letter that’s also a closely associated word, it’s a happy one indeed. Individual and I are inseparable. “I” is the pronoun used to refer to oneself as the speaker, writer, thinker, or actor. Without exception, “I” is an individual, not a group or a collective of any sort. This fact is worth endless … [Read more...] about I, Individual: Why the Individual Should Be Celebrated
How This Entrepreneur Went from Door Man to Running a $3 Billion Hotel Empire
By Jon Miltimore Alan Fuerstman is the embodiment of the American Dream. He’s the founder of Montage Hotels & Resorts, a California-based luxury hotel and resort company that has a portfolio of $3 billion. He was listed on the Haute 100, received the Ernst & Young Entrepreneur of the Year Award, serves on advisory boards, and gives back to his community through … [Read more...] about How This Entrepreneur Went from Door Man to Running a $3 Billion Hotel Empire
“Smart Manufacturing:” AI And 3D Printing Allows Chinese Car Startup To Bypass Trump’s Tariffs
By Tyler Durden Pix Moving, a Chinese automobile startup using artificial intelligence (A.I.) to design vehicles and convert the blueprints into instructions for 3D printers, isn't afraid of President Trump's trade war and has utilized technology to bypass tariffs, reported Nikkei Asian Review. Angelo Yu, the founder of Pix Moving, has outsmarted the most powerful country … [Read more...] about “Smart Manufacturing:” AI And 3D Printing Allows Chinese Car Startup To Bypass Trump’s Tariffs