Technology Is Meaningless without Entrepreneurship
While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology.
While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology.
While environmentalism seems to hold the moral high ground with US elites, in truth it is antihuman and economically and socially destructive.
While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.
Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass.
People commonly believe that a society without central political authority will dissolve into chaos. But a small kingdom within Spain existed peacefully for seven hundred years under what we would call anarchy.
Fractional reserve banking by itself undermines both the banking system and the economy. No action by the Federal Reserve can eliminate the threats.
Much of critical race theory and “antiracism” is aimed at pulling people apart, not bringing them together. To oppose such theories and practices is not racist in itself.
The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today's "woke" egalitarians.
Leonard Read asked how we preserve liberty in a culture that doesn't appreciate it. Liberty cannot come through force and organization. It comes from within oneself.
All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception.