The Entrepreneur

Jonathan teaches some high school students on the subject of inflation.

Charity serves an important and indispensable function in society: not everyone can engage in enough productive work to meet the daily needs of his or her family. But entrepreneurs and businesses have to create wealth before it can be given away.

What if machines took most of our jobs? Things would become less expensive, and humans would become wealthier in real terms, just as has happened since the Industrial Revolution began. Fear of labor-saving technology continues unabated, nonetheless.

In its latest fund-raising ploy, NASA claims the ability to predict an event that will definitely happen ten years from now. 

Global boxing star Manny Pacquiao, in spite of the fact he isn’t a US resident or citizen, owes the IRS $18 million, and they plan to demand a lot more when Pacquiao fights in Las Vegas next month.

“So let us not talk falsely now, the hour is getting late.”  (Bob Dylan, All Along the Watchtower, 1967)

Patrick discusses institutional design, Bitcoin technology, and the revolutionary technological opportunities that exist behind the Blockchain.

The 2015 F.A. Hayek Memorial Lecture.

Peter Klein discusses some new translations of his book, The Capitalist and the Entrepreneur.

Mises Daily Friday by Ryan McMaken: 

J.C. Chandor, writer and director of 2011's Wall Street drama Margin Call tackles economics once again with his new film A Most Violent Year. This time, Chandor explores barriers to entrepreneurship in a world dominated by corrupt government, labor unions, and organized crime.