What can practicing entrepreneurs learn from a reasoned analysis of the profit opportunities in Business-to-Business ventures compared to Business-to-Consumer ventures?
In 1986, eight governors threatened to veto deployments of state troops to Central America. Washington generals and politicians responded by further destroying state independence and the Second Amendment's militia clause.
When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.
Austrian monetary thought can be traced back right to the very founding father of monetary economics, the great Nicholas Oresme, the 14th century Bishop of Lisieux.
Francsico García Paramés notes that economists who focus on near-term forecasting are generally useless to investors. But principles of Austrian economists — and a long-term view in general — can provide insights outside the mainstream.
It is troubling that after a decade of an economic expansion, the US government is still spending money as it does during and immediately following a recession. Its as if the economy is now in a state of permanent "stimulus."
"If the self is the real property of the individual, force may be employed to repel the force that would take from an individual this special bit of property in himself."
"The biggest problem, not only economically but also politically, is the debt problem. It is unimaginable, how this madness of creating more and more debt and just pushing the economy by inflating the money supply will end."
Occupational licensing may increase quality for some higher income customers. But licensing increases monopoly power for dominant firms while driving lower-income customers out of the marketplace.
