Most of the market activities in which entrepreneurs are engaged are readily seen. People buy and sell things or provide services at locations to paying customers. But if we examine the unseen activities, we will learn how entrepreneurship is a perpetuating market process. More entrepreneurs tend to create more entrepreneurship, both among themselves and by setting the stage for the creation of new entrepreneurs. That is, a population with few entrepreneurs produces few entrepreneurs. A population with more entrepreneurs produces even more entrepreneurs.

In my article of February 21, I discussed Susan Neiman’s important book, Learning From the Germans. She maintains that, owing to the crimes of the Nazis, Germans have a moral obligation to “work through” the past. They must acknowledge their responsibility for these crimes, even if they themselves had nothing to do with them. In like fashion, white Southerners today must acknowledge responsibility for the crime of slavery and, after the end of legal slavery, the continuing oppression of blacks.

Secession is less of a dirty word these days, but how it might actually work is a mystery. Fortunately, unless you’re a politician, there’s almost no downside. It’s a win for nationalists, open-borders advocates, and, most especially, for everyone in between.

New York splitting into two or three states, Illinoisans ditching Chicago, West Virginia welcoming in Virginia’s conservative counties, and northern Californians establishing their own State of Jefferson are a few recent campaigns.

Michael Bloomberg dropped out of the Democratic Party’s primary this week, but not before he spent more than $500 on political advertisements. According to Bloomberg (the news service, not the man),

Through Friday [Feb 21], he’s spent $505.8 million on broadcast, cable, radio and digital ads, according to Advertising Analytics. That’s an average of $5.5 million a day since he officially became a candidate.

To the socialist, the coming of Socialism means a transition from an irrational to a rational economy. Under Socialism, planned management of economic life takes the place of anarchy of production; society, which is conceived as the incarnation of reason, takes the place of the conflicting aims of unreasonable and self-interested individuals. A just distribution replaces an unjust distribution of goods. Want and misery vanish and there is wealth for all.

Murray Rothbard died in January 1995, long before this year’s coronavirus scare. But the principles this great thinker taught us can help us answer questions about the coronavirus outbreak which trouble many of us. Would the US government be justified in imposing massive involuntary quarantines in order to slow down the spread of disease? What about vaccines? If government scientists claim that they have discovered a vaccine for the coronavirus, should we take it? If we refuse, can the government force us to do so?

There is a lot of confusion regarding what entrepreneurship is and how entrepreneurs earn profits. This confusion causes a distinction between “market” entrepreneurship and “social” entrepreneurship that does not, in fact, exist.

A unique feature of the Swiss Federal Constitution is the fact that the central government’s power to impose direct taxes on citizens expires every decade or so.