For all the folly and plain bad thinking at work in the world - all of which works to hinder wealth creation - there is one special breed of man who can offer us hope: that of the Entrepreneur.
In our work today, we are constantly confronted with the struggle to determine who exactly it is who is prospering honestly and who only seems to be doing well.
It is a sign of the times when the Chinese government, which was just granted market economy status by debt-laden Argentina, takes America to task over its gaping budget and trade deficits.
The avowed claim of the various socialist schools ranging from the die-hard Marxists to the welfare-state Social Democrats is to bring justice into the economic affairs of society. In their view, justice means protecting the interests of the workers against the capitalist bloodsuckers who allegedly produce nothing but nevertheless are able to reap handsome profits.
Classify this under “articles that need to be researched and written (preferably for Mises.org)”. In your local grocery store you will find precisely one French wine with a charming label and an understandable name. It is Red Bicyclette (and the coming site). It comes from a winery in the South that is wholly owned by Gallo.
A professor at a university interviewed for an administrative position at another college (can’t name him for obvious reasons). The job interview was conducted by an outside professional firm, lasted 30 minutes, and he reports that it was among the most intense experiences of his life. He still wakes at night reviewing his answers in his mind. Because we rarely get a look at what goes on in interviews of this sort, it might be useful pass on what happened.
Chris Leithner’s latest essay addresses the question, is the economic recovery from the recession of the 2001-2002 real or phony?
Among those that accuse libertarians of being wrong on some aspect of politics or history, the same themes come up again. I won’t list the really stupid ones, such as those accusing me of being anti-American, unpatriotic, a traitorous left-liberal Democrat, a capitalist pig, an apologist for the corporatist hegemon, an uncritical defender of the rich, a dangerous Southern demagogue who longs for hoop skirts and plantations, or any of the other ad hominem attacks that some people confuse with argument. But I would like to address some of the more substantial common remarks.
