we are poorer, we have fewer resources to invest in education, health care, and innovation. Also, higher tire prices means that some people will drive on worn-out real and very important. By embracing protectionism, President Obama has adopted a policy that works against his supposed concern for Americans’ well-being by reducing
of new media, yet because newspapers and television journalism have failed to innovate and keep up we must subsidize them, because their reporting is (was) better. by government. Further, he suggests, we need, as an instrument of foreign policy, to compete with China’s CCTV and Xinhua News, and Qatar’s Al Jazeera . If the a dangerous man. I think I serve a valuable service by giving my readers a fresh, innovative view of the economy. Don’t I deserve a subsidy, Professor Bollinger? Who
in no position to “exploit” their size. If they let up in their service or pricing policies, their stock price falls and consumers go elsewhere. The consumer is automatically with software that links wholesalers and retailers in an instant. Innovation never stops. Socialist economies like Cuba’s look like movie stage sets
across the political spectrum are fretting about the need for a national energy policy, wringing their hands about the apparent un-American-ness of our dependence on our activities and behavior. We use less of some things and more of others, and we innovate. In more concrete terms, we drive less and walk more, and we invest in a solar iPod charger as part of a year-end project this past semester. The list of innovative responses to high gas prices goes on and on. Some of these ideas will work
has been suppressed or smothered by interventionist and antimarket policies, which makes it extremely difficult for many would-be entrepreneurs to entrepreneurs to enter the market and pick up where others have left off. Thus, innovation and self-ownership are more likely to prosper in an environment where
D. Solomon: The Privatization of Space Exploration: Business, Technology, Law, and Policy . New Brunswick, NJ: Transaction Publishers, 2008, ISBN: 978-1-4128-0759-3, exploration and technological development. Solomon seems to favor prize-motivated innovation, and mentions some of the history of privately funded prizes. NASA’s
in the hour before I arrived but back in 1994, after Congress passed the Energy Policy Act (passed in 1992). This act, passed during an environmentalist hysteria, locale. The toilet manufacturers, meanwhile, are all touting their latest patented innovations as a reason for the reduced hysteria surrounding the toilet disaster. I
in providing its beneficiaries with the products they crave. Prohibitionary policies lead to more injuries and more deaths. When compared to the steps taken by specifically for these types of events, products, and services, government policy seems almost medieval. How such a policy can seem sensible — especially considering the vast technologies and innovations that have made our world safer without having to fall back on the clear
over another, and other attempts to create geographic or industrial clusters of innovation. Everyone wants the next Silicon Valley in his country or region. But particular areas or activities for an entrepreneurial boost have fallen flat. The policy environment should also allow the “freedom to fail” — no bailouts and
The first thing we should discuss is that the very notion of a “supermarket” is an innovation, reflecting the private sector’s response to changing conditions. A prices understates — perhaps significantly — the actual impact of Federal Reserve policy. A Tip from the Dairy Guy One innovation that many shoppers probably never
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.