By Mollie Williams Most people would pay little attention to an ambulance with a “For Sale” sign sitting on the side of the road. But when Phillip Truesdell spotted the ambulance, he saw a business opportunity. Over the past two years and with the help of his family, Truesdell has taken that ambulance and built a business, Legacy Medical Transport. Legacy is a … [Read more...] about This Entrepreneur Is Suing for the Right to Transport Hospital Patients Across State Lines
Entrepreneurship
Creativity Is the Driving Force of the Market
By Donald J. Boudreaux No story in economics is as powerful as is Leonard Read’s 1958 I, Pencil. Encountering this story can completely change your understanding of society. Just as Adam Smith did 182 years earlier when contemplating an ordinary woolen coat, Read marveled at the vast amount of human knowledge, effort, and cooperation that are daily harnessed to make … [Read more...] about Creativity Is the Driving Force of the Market
California’s Contractor Law Violates Free Speech
By Robert E. Wright It is becoming increasingly difficult to reject the hypothesis that California lawmakers are trying to solve their state’s notorious housing crisis by driving out everyone who isn’t a lover of earthquakes, fires, to-die-for weather, and arbitrary government. Their latest Constitutional faux pas is AB5, which, among many other things, limits California … [Read more...] about California’s Contractor Law Violates Free Speech
A World Without Entrepreneurs
By Raushan Gross Reading Per Bylund's interview "How Entrepreneurs Build the World" inspired a thought: what would the world be like without entrepreneurs? Given that entrepreneurs are central to the market system, a world without entrepreneurs—or with only a few of them—would be a grim situation. Without entrepreneurs, we'd see few new products, little innovation, and few … [Read more...] about A World Without Entrepreneurs
The Adverse Impact of Government Bureaucracy on Private Employment
By Daniel J. Mitchell When I did this video about public-sector compensation almost 10 years ago, I focused on why it is unfair that bureaucrats get much higher levels of compensation than people working the private sector. Today, let’s consider the economic consequences of excessive bureaucracy. And what will make this column particularly interesting is that I’ll … [Read more...] about The Adverse Impact of Government Bureaucracy on Private Employment