The Entrepreneur

Patrick Byrne discusses Austrian theory and the blockchain, and what it means for the eventual demise of government gatekeepers and middlemen.

By Oxfam's methods, anyone with a few bucks in the bank is causing poverty for the bottom 10%. Oxfam, of course, has much more than a few bucks.

A lack of entrepreneurial and managerial direction prevented Valve from coordinating enough to focus on developing a new Half-Life.

Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

The benefit of automation is that it leads to an increase in real wages. This was true 100 years ago, and it is still true today.

Areas where median wages are lowest are hurt the most by minimum wage increases. Puerto Rico is no exception.

The unregulated SEO industry shows how companies seek to out-do each other in terms of quality for customers.

Although the election is over, the ideological fight continues.

We are told that robots will take our jobs. However, material liberation has allowed us to live more fulfilling lives than before.