Joseph Schumpeter is smiling while the equity holders of Borders stock are crying.

Romance starts with a first move. Just as it is the role of the entrepreneur to shoulder the risk of capital investment in order to potentially achieve profit, it is the role of an instigator to take the risk in the hope of finding romantic success. Without an entrepreneur, economic growth is unobtainable; without someone making a first move, romantic growth is unobtainable.

Gary North writing at LewRockwell.com thinks that hyperinflation will not be the outcome of the current monetary crisis:

Tunisia and Egypt have a massive youth-unemployment problem. Unsurprisingly, they also have a system of “free” college education.

From MoveOn.org, courtesy of some friends in my Facebook network:

“Congress must protect NPR and PBS and guarantee them permanent funding, free from political meddling.”

Modern classical music is primarily a project of the classical music industry’s managerial elites which has no basis in consumer demand. Despite decades of evidence that audiences do not like this music, the managerial elites continue to push this agenda. When challenged, their response is to blame the classical music audience for not liking the music.

Stephan Kinsella is a registered patent attorney and General Counsel for Applied Optoelectronics, Inc; also Senior Fellow of the Ludwig von Mises Institute, Editor of Libertarian Papers, and Director of the Center for the Study of Innovative Freedom (C4SIF).

One of the most enduring myths of popular economics is that war is good for the economy. One ofthe most enduring myths of the twentieth century is that World War II ended the Great Depression. In a series of important papers that culminated in his book Depression, War, and Cold War, Robert Higgs has argued convincingly that the War didn’t end the Depression, and economists have known since at least Bastiat that war does not encourage the national labour, on net.

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