Entrepreneurship involves individual’s active intention of achieving social and material success. This success can be achieved in different ways and have different sources. However, the common feature is that the individual, inclined to maximize social and material success, enters into active competition to gain advantages in achieving such success with other members of the community. In the process of competing, the individual is forced to develop and use creative, cognitive, and organizational abilities to the maximum extent possible.

President Biden often looks like a punch-drunk old fighter sent into the ring once too often. At this point, the only thing lower than Biden’s approval numbers is his energy level. Is Uncle Joe too old to rebound?

With social issues defining more and more political campaigns, Rothbard’s pitch for the GOP became a relevant playbook for future candidates. If the motto “Culture is downstream from law,” has taught us anything, it’s that the relationship between legislation and behavior has been consistent. Murray Rothbard was hesitant to place pornography as a viable subject for private property rights.

Javier Milei is leading the polls as a precandidate for the 2023 presidential election in Argentina.

Let that sink in: Javier Milei, a libertarian economist, whose views in the past 10 years have shifted towards Austrian economics and anarcho-capitalism, a social media viral sensation, and for the last year, a congressman in the Argentinian Chamber of Deputies, elected as part of a conservative-libertarian coalition, is leading the polls as a precandidate for next year´s presidential election in his country, meaning he could potentially become its next president.

Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes there are powerful forces operating towards lower prices once the war/pandemic recedes. Strong injections of monetary inflation, however, can overpower them.

Economists are often examining the variables that lead to prosperity, but surprisingly, intelligence is rarely featured in this literature, despite its high replicability in research. Intelligence is a robust predictor of well-being, job performance, and other social outcomes.