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While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology.
Economic PolicyRationalismPhilosophy and Methodology
In their desire to make economic theory emulate physical sciences, economist create models that do not reflect genuine human action.
Media and CultureU.S. History
In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that.
The EnvironmentMedia and CultureProgressivism
While environmentalism seems to hold the moral high ground with US elites, in truth it is antihuman and economically and socially destructive.
The FedInflationMonetary PolicyU.S. Economy
US trade deficits seem to be expanding, placing pressure on the dollar. However, central banks around the world are just as irresponsible as the Fed, masking the relative devaluation of US money.
Taxes and Spending
The Republicans' "Fiscal Responsibility Act" allows the government to continue adding trillions of dollars of debt that will be monetized by the Federal Reserve.
In 2023, self-employment has collapsed again with year-over-year self-employment growth dropping by 6.5 percent. That's the largest drop since December 2007, when the Great Recession officially began.
HayekCalculation and KnowledgePricesProduction Theory
While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.