When Jimmy Donaldson, better known on YouTube as MrBeast, paid for a thousand people to have cataract surgery, the usual suspects in the media panned him and questioned his motives.
While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing.
Hindered by government in their home country, Chinese entrepreneurs have excelled overseas.
Progressives claim that poor nations are that way because wealthy nations exploit them through the capitalist system. Cultural institutions, it turns out, are the most important indicators of wealth and poverty.
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.
Dr. Peter Klein joins Jeff and Bob to explain the huge disconnect between supply and demand for labor in post-COVID America.
Progressives claim that poor nations are that way because wealthy nations exploit them through the capitalist system. Cultural institutions, it turns out, are the most important indicators of wealth and poverty.
Despite worries that foreign "competitors" will surpass economic production in the United States, innovation and entrepreneurship are still important here. For now.
Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7, 2022.
Learning economics is fundamentally about gaining economic literacy so we can better understand the world we are part of. The real world, not the invented world we find in formalized models.
