Free Markets

Austrian coordination does not represent a destructive struggle between entrepreneur and consumer. Instead, it is a theory of progress.

In this wonderful debate, we find the whole of the theoretical apparatus of the anti-IP case presented with precision and eloquence.

Financial success in some broad or narrow market niche has no deeper philosophical significance; in itself, it is no further sign of excellence or virtue. Market success does not prove that the tastes catered to, the goods and services provided, or the providers themselves are admirable. 

Why all this fierce competition, all this innovation, all this frantic code work to create the perfect digital world?

It is simply impossible for one immersed in the political game to think normally. If we accept as normal the thought processes of those who make a living in the marketplace, then the tergiversations of the political mind must be considered abnormal or "crooked."

The NYT is angry because the courts did not stick it to another American business, writes William L. Anderson.

What is the opportunity cost of the government's spending? All those resources used for the shuttle program had to come from somewhere. It is impossible for a government to make the vital calculations of costs and benefits.

The analysis of the role an individual plays when he enlists in the state apparatus is not tantamount to a condemnation of his motives or character.