Entrepreneurship

It's the age-old question: is success the result of natural talent or simply hard work? This problem is especially important for entrepreneurs.

Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.

Joseph Schumpeter famously predicted that capitalist society would be destroyed by its own success, and the recent student protests around the US are a sign he may have been right.

The true lessons of Thanksgiving are that private property, the market economy, and personal responsibility lead to prosperity, while government intervention makes us all poorer.

Amazon has developed a new way to help people do easy work for a little extra cash. The jobs involve repetitive tasks that computers can't do. But, since the jobs pay below minimum wage, we're told the whole thing should be outlawed.

Austrian ideas are often at the cutting edge of new research exploring how entrepreneurs and innovators transform the world.

It’s not a coincidence that wherever war and socialism are implemented, the results tend to be the same.

Free Fed money has led to an unprecedented corporate credit binge of excess spending, especially on share buybacks. 

Without freedom in ideas and the profit motive, entrepreneurs will be unable and unwilling to spread the benefits of science across the globe, and countless advances will be doomed to obscurity, when they could be used to improve human life.

The Fed's Federal Open Market Committee renewed its commitment to easy money this week. The Fed will pretend to be committed to raising rates while doing nothing, and its ongoing war against deflation will continue to make us poorer.