Entrepreneurship

Austrian economists like Ludwig von Mises and F.A. Hayek opposed government intervention in the macroeconomy because that intervention leads to distorted relative prices and malinvestment.

Carabini admits in the first chapter that in his opinion people are in general attracted to one of two opposing camps — those inclined to liberty and those inclined to mastery — and it is rare that exposure to additional evidence and facts sways anyone to switch camps.

It is time for highway privatization, with MADD taking a lead role in this initiative.

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.