The Entrepreneur

With the aide of commerce and a bit of kitchen ingenuity, we may finally have a system that comes close to replicating that ideal you created for all of us.

If I were to give a tour of the United States to visitors from a socialist country, who are used to experiencing chronic shortages of almost everything, Wal-Mart would be one of the first places I would take them. It is a perfect symbol of one of the most remarkable things that we have — an enormous variety of high quality, low cost products that are available to virtually everyone throughout the United States.

Capitalist-entrepreneurs must anticipate supply and demand conditions of future market conditions. It is the future price - the appraisement – that must be compared to the costs of factors of production (land, labor, and capital).

Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.

The above headline, “Energy Crisis: Many Paths but No Solutions,” appears on page one of the print version of The New York Times&#8

So those scurvy bums at Wal-Mart are finally getting what is coming to them!

The Free Market 26, no. 12 (December 2005)

The CEO of Wal-Mart surprised many by calling for an increase in the minimum wage, writes Lew Rockwell. It is a cartelization tactic that uses regulatory violence as a means of competition.

From The Review of Austrian Economics Vol. 6, No. 1, 1992.

Insider trading per se is obtaining information from non-public sources and using it for purposes of enhancing one's financial advantage. Is there anything unethical or morally wrong in this exercise?