In a world of demanding and ever-changing consumers, there is always a way to do things better, with greater quality, and at a lower price. Entrepreneurs must learn how to do this, or they will lose out to those who can.
Thanksgiving started out as a terribly political holiday. But it has gotten better with age as more people have been interested in beer and football than in politics.
Anthony Flood has written a defense of the compatibility of Austro-libertarianism with Roman Catholic thought, in response to a book by Christopher Ferrara critical of Austrian economics and libertarian ideas.
The Soviets, the Nazis, the Khmer Rouge — these totalitarian regimes would have failed even without any intervention from geopolitical rivals. The socialist systems would have been conquered not by standing armies, but by economics.
The psychological impact of a lifetime within a fiat money economy cannot be underestimated. With more wealth seemingly available at the click of a computer button, refusal to spend more on government programs must stem only from cruelty and greed.
How can state enterprises in Venezuela be desocialized? What would a privatization law look like for Venezuela? The authors describe a proposal to move Venezuela toward free markets.
