The Entrepreneur

The key to avoiding "busts" is to avoid the credit expansion and "booms" that cause them. Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.

Though he devoted much of his life to writing, editing, publishing, and political activism, it isn't really for any of these activities that Jo Labadie should be remembered fondly by libertarians in the 21st century.

Other elementary texts will continue to be effective in conveying economic basics, but  Peter Schiff and his brother, Andrew Schiff, have a story to tell, an extension of a tale first developed by their father, Irwin Schiff. There's nothing quite like a story to get people turning the pages.

Tucker closes this compendium with a number of reviews of books and movies. The depth of his comprehension is sometimes astounding; he can remember more from watching a movie once than many can from watching it ten times, and his book summaries are so excellent that he might want to watch out for the IP police.

We are born into this world believing that success in anything will be met with praise and acclaim. We are not often told the truth that we see in this film: success is more likely to be met by envy, hate, disparagement, put downs, and loathing, sometimes from the most unexpected sources.

"Finally, everything fell into place, primarily from Rothbard and Misesian theory. I found that this issue is difficult, but once you see it, it's one of these issues that sets peoples' minds on fire. It frees you to think about other things in different ways."

Mencken saw the implications of where his thinking was leading him and he acknowledged those implications frankly. "I am," he wrote in <em>The Smart Set</em> in 1922, "a libertarian of the most extreme variety."

The only way politicians can really improve the economy — and our lives — is by (1) getting out of the way, and (2) undoing the policies they've previously implemented that hamper it.

In their eagerness to eliminate from history any reference to individuals and individual events, collectivist authors resorted to a chimerical construction, the group mind or social mind.

Groupon is a brilliant concept that uses social networking to mobilize shoppers and bring down prices. In contrast to all the mainstream economic models of "market failure," Groupon is yet another example of market success.