Mises Media

Centrally planned economies often stick with terrible ideas for many years. But markets can take bad products, learn from them, and turn them into great products that give the public what it wants and needs.

After decades of financialization and government favors, Wall Street has largely become an adjunct of the central bank. Entrepreneurship is out, and bailouts are in.

So, you've heard that big tech companies have transcended the niggling free market and reached the lofty heights of partisan politics—and act accordingly. Unlike prominent political figures, you might not make the top of the purge list, but it's no secret that censorship is surging. Both to protect...

Consumers are indeed sovereign, but the reason consumers can exercise their sovereignty is that entrepreneurs have already borne the uncertainty of production to make the goods available for purchase.