Economic activity is guided by the consumers. The entrepreneur directs it, but he directs it at the orders of the … Read the rest
Category: Economics
The House of Cards is Built on Statistics
Statism attempts to be super scientific. These sad attempts are made by viewing statistics. Statistics the state made business provide. … Read the rest
What is Progress?
It’s impossible to speak about progress without addressing retrogression. Just because someone says progress or progressive doesn’t mean what they … Read the rest
Do Depressions Happen in Statist Economies?
It’s commonly believed that depressions don’t happen in statist economies. It’s believed that business cycles happen from the market economy. … Read the rest
Reputation is Critical for Long-Term Profits
A good reputation is critical to any business seeking long-term profits. Reputation is beliefs or opinions that are widespread about … Read the rest
The Foundation of Economics
The foundation of economics is property. Man is not a puppet to his instincts. He thinks, then acts to … Read the rest
Cooperation or Violence
Only humans can cooperate. There is nothing but violence if we don’t cooperate. There is no other means available. … Read the rest
Argumentation Ethics
Argumentation ethics states that: Humans are capable of argumentation and know the meaning of truth. Nonaggression is a necessary … Read the rest
Force and Ideas
Society emerges from human cooperation. Humans cooperate based on ideas. Ideas are not an achievement by isolated individuals, such as … Read the rest
Liberty Means Property Rights
Liberty rests on the fact that no one can aggress against another. You have a right to your body and … Read the rest