Entrepreneurs are the driving force behind the markets and prices that provide goods and services to consumers. Human action looks to the future. Entrepreneurs shoulder risks and, if they guess right, collect profits as rewards. If wrong, they lose.
Private property is the only foundational institution that society needs to build a civilization. The 99% had rotten lives until there was a revolution in ideas in the 1700s. Laissez-faire ideas changed the ideas of the 99%. The industrial revolution flowered.
Mainstream economics is fixated on market failure. The solution for mainstream economists is always heavy regulation. Capitalism permits global scale enterprises to thrive despite bureaucratic red tape.
Most Americans do not know what the source of wealth is and they don't know what causes economic problems. Self-interest promotes the general interest of society. The invisible hand can deliver all. The coercive hand of government destroys all.
The economic point of view holds that logic reveals that certain means - like socialism -simply cannot produce certain desired results such as social cooperation. Austrian economics realistically explains all the choices that people make to be better off.
Farmer Boy was probably written by Rose Wilder Lane in the mid-40s. Money is work is a phrase from this book. Money is hard work and much time. Government edicts don’t create money; markets create money.
