100 Entrepreneurs Who Changed The World

Photo by Duncan Rawlinson – @thelastminute – Duncan.co The wider revolution in crypto-currency, however, does share an important similarity with Hayek’s vision in that it’s a field wide open to competition. The proliferation of alt-coins (digitial Bitcoin alternatives) underscores just how easy it is to enter the fray. But what if cryptocurrencies are just the…

Photo by Konabish ~ Greg Bishop 2. World War II Caused Economic Stimulus Another commonly believed though false notion about the Great Depression was that the industry demand resulting from the US’s involvement in World War II was responsible for the American economy finally being able to rebound. The truth is that America’s defense spending…

Given the actions of the Federal Reserve, particularly over the last twenty years or so, we have become accustomed to the fixing of interest rates as normal. Indeed, there appear to be benefits for many from such policies, at least in the near term. After all, given mortgage rates as low as 2% to 3%,…

Photo by GecmisteKalanlar Adam Smith (1723-1790) A major driving force of The Scottish Enlightenment, Adam Smith is generally viewed as “The Father of Modern Economics,” and his work remains influential to this day. Born in Kirkaldy, Scotland, Smith’s father died while he was still an infant and he was raised by his widowed mother. Despite…

Restricting lobbying would be unconstitutional and wrong. The right to petition our government is an important part of free speech. This is a representative system, after all, and those lobbyists and whomever funds them have a right to have their voices represented. Restricting lobbying would essentially mean destroying the First Amendment. The Supreme Court has…