The Entrepreneur

While most Americans will never see the money the government takes they will have to bear the cost of the higher metal prices that result.

I am all in favor of innovation, but I just can't call it innovation if government force is pushing it down the market's throat.

Even though Scorsese may share the left-wing political opinions typical of Hollywood, writes Paul Cantor, The Aviator in many respects celebrates the spirit of free enterprise and, more generally, embodies a kind of libertarian philosophy. One may profitably interpret the film in terms of concepts derived from classic defenders of the free market such as Adam Smith and also draw on the work of the Austrian school of economics, one of whose chief representatives is Ludwig von Mises. The emphasis in Austrian economics on the special role of the entrepreneur and his ability to deal with the risk and uncertainty endemic to economic life makes it particularly relevant to understanding The Aviator.

Baron Rothschild advised that one "should invest when there is blood in the streets."

The Acton Institute has put together a very effective hour-long feature called The Call of the Entrepreneur, which has been premiering in theaters

In the same way that a hacker can provide a good test against holes in program code, the crowbar kids at the rental place showed me something important: if you are worried about the security of your automobile, you need to do more than lock your car.

Causal-realist analysis allows imaginary constructs like the ERE — Evenly Rotating Economy — in order to isolate certain factors like interest.  There would be no profit or loss in the ERE, because those can only exist under conditions of uncertainty.

Free — no matter where it comes from — can help sell.

Short sellers are no more self-interested than others in financial markets. They improve the information incorporated in market prices that we all rely on to improve social coordination, as we seek to make the best of a world of unavoidable scarcity.

Presented to Mr. Robert L. Luddy, Founder and President of Captive-Aire Systems, Inc., on 2 March 2007. Includes remarks by Llewellyn H.