Entrepreneurship

The rich can indeed help us all, not by spending but by being thrifty and even miserly for as long as necessary to fix what the government has broken.

It is through the interaction of many people in the marketplace of ideas and goods that street art, indeed any innovation, is able to reach millions.

American libertarians would be particularly interested in Peake's great novel, since the perspective on the individual and society that pervades it is very libertarian in the broadest sense of that word.

Huebert correctly grounds his philosophy in Murray Rothbard's nonaggression principle, and even has the temerity to apply this vital insight to the state: "If one person cannot steal money from another, then the government (which is made up only of individual people) should not be allowed to forcibly take money from people, even if it is called taxation."

"The black market in information is simply individuals cooperating in order to manipulate their own private property."

But history proceeds, miracle after miracle, driving progress forward, uplifting humanity, bringing glorious things to life on earth.

Lucidly and unflinchingly he shows it to be the only system consonant with individual freedom and personal autonomy, as well as with modern industrialized society.

What Thoreau was defending here, in 1849, was essentially the same concept the English philosopher Herbert Spencer defended two years later, in his book Social Statics, as "the right to ignore the State."

In this article I'll walk through Glaeser's critical observations, most of which misfire.

Institutional unemployment is not the outcome of the decisions of the individual job seekers. It is the effect of interference with the market phenomena intent upon enforcing by coercion and compulsion wage rates higher than those the unhampered market would have determined.