Mises Daily

However modest in size, including possibly being actually negative, net investment represents the true source of most revenue and income.

Computational neuroscientists would add that not only do the projects appear profitable on paper but also that dopamine is released into the brains of entrepreneurs as they anticipate future profits.

The fundamental act of choice always involves a purely ordinal value judgment, not a quantitative "measurement" of subjective value.

I have begun a self-imposed "cognitive therapy" to stop letting thoughts of sunk costs undermine my enjoyment of life

Now, some of the locals are feeling the pain as lady luck, bad math and bad judgment are punishing them.

Child-labor laws were and are a blow against the freedom to work and a boost in government authority over the family.

OFCOM, by forcing the functional separation of BT and the creation of BT Openreach, altered the structure of production that the market had set up in answer to customer preferences.

At the end of the day, inflation is a serious threat to freedom. The majority of the people, suffering badly from inflation, would most likely blame the free market for their plight, rather than blame the central bank for the debasing of the currency.

Greenwald has rendered an inestimable service by his clear and cogent analysis of gross presidential usurpation of power.

Policies such as the ban on interest-paying banks incentivize further reckless behavior by users who have made foolish decisions, and they frustrate and hinder the entrepreneurs who are producing the goods that attract people to Second Life.