Tweet Mike Munger explains that “the only way to gain jobs is to lose jobs.” Two slices: Politicians want to create jobs, “good-paying union jobs,” in existing industries.  But that’s not what markets do. The “destructive” part of creative destruction eliminates jobs in existing industries. In a dynamic economy, innovations indivision of labor can create good-paying jobs  in newindustries, but new industries require entrepreneurs, not politicians. Frederic Bastiat had two devastating satires of how policies designed to “create […]

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submitted by /u/AbolishtheDraft [link] [comments]

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submitted by /u/Kyle_Rittenhouse_69 [link] [comments]

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There is a post about how the US the ritchest country in the wolrd and has out competed europe because of the fact that its more economically right wing and it got downvoted with 300 people comenting “Huh so I guess Austrian economics is when you destroy your own population” submitted by /u/Leg-Alert [link] [comments]

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A person can see the same evidences and have totally different conclusions. When many people think Bitcoin is scam then tes that means we are still early.. That is why I buy. But other thinks it’s indeed scam and we came late. In democracy you can be right and hordes of idiot will outvoted you. Under free market if most people are idiots you just buy and when price go up you profit. And that’s fair. You think […]

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At times this year, it seemed that Congress was going to give up its duty to protect our rights online—particularly when the Senate passed the dangerous Kids Online Safety Act (KOSA) by a large majority in July. But this legislation, which would chill protected speech and almost certainly result in privacy-invasive age verification requirements for many users to access social media sites, did not pass the House this year, thanks to strong opposition from EFF supporters and others. […]

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