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The EntrepreneurGlobal EconomyEntrepreneurship
Entrepreneurship is the key to real development, but cultural attitudes are often a significant barrier to entrepreneurship in the developing world.
Economic FreedomFree MarketsEntrepreneurship
People decrying poverty in developing countries usually overlook the fact that there is a dearth of long-term economic thinking.
Big GovernmentEconomic FreedomEconomic PolicyFree Markets
There is a future of capitalism with higher living standards for all. Then there is the alternative: state-directed economic stagnation and runaway inflation.
History of the Austrian School of Economics
Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.
Many of the best-known civil rights leaders eschewed entrepreneurship, emphasizing that blacks seek employment in the professions and government jobs.
The FedInflationU.S. EconomyBusiness Cycles
The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession.
Central BanksThe FedInflationGold StandardInterventionism
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.