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Entrepreneurship can be both productive and unproductive — and even destructive — depending on the effects of public policy.
Bureaucracy and RegulationMoney and Banking
Big banks like Deutsche Bank have the potential to take an entire economy hostage: When they get into trouble, they can drag everything down with them.
Bureaucracy and RegulationCronyism and CorporatismProtectionism and Free Trade
Some special interest groups don't want customers to even have the option of buying other products.
Civil war was inevitable — because Lincoln made sure it was inevitable.
Decentralization and Secession
Iowa's new restrictions on abortion offer the federal courts a new chance to take federalism and decentralization seriously.
Bureaucracy and RegulationCronyism and CorporatismWar and Foreign Policy
America's subsidized arms industry also benefits greatly from presidential efforts to push international arms deals with foreign regimes.
Bureaucracy and RegulationCronyism and Corporatism
New government regulations help large dominant firms while hurting small firms and start-ups. Zuckerberg likes the sound of that.
Statistics and empirical data aren't ignored by Austrians. Rather, they are relegated to their proper place in the economic edifice.