Entrepreneurship

"Holt, in effect, reasoned his way to libertarianism from his relentless, dogged analysis of what worked and didn't work in education, in the schoolroom."

The inherent risk of the marketplace does not establish the marketplace as something that needs to be regulated and harnessed. On the contrary, inherent risk defines the market.

Even students who already have a strong understanding of more advanced Austrian concepts should consider reading Hahn's Common Sense Economics, for it will strengthen their foundations in economic theory.

Above all, central planning allows a few who are the new elite to seek to control the total lives of the masses. It is this gigantic object lesson which brings the intellectual issues into focus.

Ayn Rand made the case for the freedom philosophy in the most aggressive manner possible, bless her. And, "capitalism" was a crucial element of that effort.

George's own attachment to the land tax, rightly critiqued by Rothbard, is a clear case of Rothbard's Law: the tendency of people to specialize in what they are worst at.

Advertising is not a scam at all. It is individuals sacrificing a level of product perfection in exchange for a level of product trust and time efficiency that cannot be fulfilled through word-of-mouth advertising.

Then you may boast that you are the only school in the nation that offers any formal study of such economics based in deduction.

"A theory that identifies liberty with a single right, the right of doing all that you have the actual power to do, and a theory which secures liberty by certain unalterable rights, and founds it on truths which men did not invent and may not abjure, cannot both be formative principles in the same Constitution."

The powers of the federal government are enumerated; it can only operate in certain cases; it has legislative powers on defined and limited objects, beyond which it cannot extend its jurisdiction.