Entrepreneurship

Simultaneous discoveries tend to be the rule rather than the exception.

The modern freedom movement depended heavily on open-source materials.

Burt's support was more than financial; he also offered his time and energy with great generosity.

Rothbard has been proven correct. Mathematical modeling has revealed itself to be a vain and formalistic exercise incapable of explaining the international currency crises, stock-market and real-estate bubbles, or the global financial crises that have racked our world in the past two decades.

In the same way, the path to economic recovery is to allow markets to channel specialized resources to their highest-valued uses, not to dump taxpayer funds on whatever firms and industries happen to be ready for them — or politically connected.

Government efforts to stimulate entrepreneurship and startup companies, and to spur job growth, are not only detrimental to market participants but to the startup companies themselves.

The reason for this is that all production, including any new and additional production called into being by stimulus packages, itself entails consumption. And this consumption tends at the very least to approximate the fresh production and, indeed, is capable of equaling or even exceeding it.

Throwing money at Flynt and Francis — like bailing out the automakers and the big banks — stifles innovation and new technologies in order to keep outmoded business models in place at the expense of taxpayers.

"As Mises again and again pointed out, capitalism is a system of mass production for the masses. But of course our great philosopher cannot be bothered to read Mises."

Not state capitalism, not crony capitalism, not mixed-market capitalism, not fascism and interventionism under the guise of capitalism, but unfettered, laissez-faire, free-market capitalism.