Some politicians are sure that even average Americans are working more grueling hours than ever. On average we have more leisure time than ever now, and working hours are down over the past 20 years.
What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.
The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.
A reason the left is good as what it does: it thinks big and thinks long term. Conservatives and libertarians, meanwhile, like to give up immediately if something seems like it might take a while, or if other people don't embrace their ideas instantly.
