We take so many things that make daily life easier for granted. But entrepreneurs are usually behind what often amounts to revolutionary changes.
SocialismCalculation and KnowledgePhilosophy and Methodology
Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.
Financial MarketsGlobal EconomyMoney and Banking
Pumping yet more credit into the Eurozone is as effective as giving adrenalin to a dead horse.
Democracy works best at a small scale. The electoral college's nod to this reality is much too weak. But it's better than nothing.
Big GovernmentBureaucracy and RegulationGlobal Economy
Europe is falling behind North American and China in the tech sector. This is not by chance or bad luck, it is by design.
Austrian Economics OverviewPhilosophy and Methodology