Entrepreneurs: The Real “Peace Prize” Winners

We live in ludicrous times of rewarding good appearance for evil action. President Obama is awarded the Nobel Peace Prize while his war efforts intensify. But those who are true promoters of peace need attention, for they will never likely receive such ostentatious recognition for their noble efforts. Such individuals are those who take risks in a world of uncertainty, and who save or borrow capital to start a business. Such entrepreneurs promote peace by serving the customer better than the next entrepreneur through voluntary transactions in the market, rather than commanding bureaucracy in government.

As part of my entrepreneurship courses, I have students who want to start their own business listen to new entrepreneurs discuss their background, their reasons for starting the business, and of their effort to establish the business. Students usually find these speakers fascinating and inspiring, but also come away with a sense of the enormous amount of effort, capital, risk, and uncertainty that is involved in starting a business. Many of these students decide they no longer want to start their own business. They realize that entrepreneurs, too, have a boss: the customer. Mises put it this way: “Ownership of the means of production is not a privilege, but a social liability.”

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RIP Big Media: An In Depth Look At How Van Jones, Tea Parties & ACORN Destroyed Big Media Credibility

Students of history, of journalism, of sociology: mark this month in your diaries. Mark this month well, because this is the month that what was formally called “mainstream” media was officially pronounced dead.

It’s been a nice ride for traditional media outlets. We’ve had our fair share of fun along to way. But now it is over. Almost 4 years to the day that “Rathergate” showed ordinary citizens taking on Big Media and winning, the last two weeks have completely, totally, and utterly demonstrated the sheer irrelevancy of traditional media outlets and their biased and outdated methods of news dissemination.

The gatekeepers of information have finally been vanquished. No longer are they able to sit upon their lofty heights, determining what information they deem fit for the public to know about. In their stead, an army of citizen-journalists has arisen. The people have become the fourth estate. We are the media now. You don’t have to trust Hollywood or Manhatten anymore, because the game is over. Sure, they will linger around for a few years longer in their death-throws, and of course current outlets will continue in some form, but as of this week, no-one can say Big Media should be taken seriously. They are beyond redemption.

At this point, if you get your news primarily from Big Media outlets, you may wonder what I am talking about, or whether I’ve gone slightly crazy. After all, nothing really happened the last few weeks, did it? Sure a few right-wing extremists got angry at a few things, but that always happens – right? I mean there was nothing special about the last 3 weeks, right?

Wrong. Because in the last three weeks three massive, huge, enormous, game-changing political things happening. Any one of these by and of itself might not have meant much, but together, the political landscape in the U.S. has been irrevocably altered in the last three weeks. And Big Media missed all three.

Let us review events as they happened, and embark on tales of corruption, embezzlement, undercover operations, child prostitution and the American Left.

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Can President Obama’s Policies Heal the US Economy?

Guest post from Frank Shostak.

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In his interview with the New York Times on May 3, 2009, President Obama said,

I know how to ask good questions of my doctor. But ultimately, he’s the guy with the medical degree. So, if he tells me, you know what, you’ve got such-and-such and you need to take such-and-such, I don’t go around arguing with him or go online to see if I can find a better opinion than his.

We suspect that President Obama has adopted the same approach with respect to managing the US economy. In fact, in the same interview he said that he is very much influenced by the ideas of Joseph Stiglitz, Larry Summers, and Paul Volcker.

During the interview he also expressed his admiration for Robert Reich and Paul Krugman. Although he didn’t say it, we suggest that the US president is also greatly influenced by the ideas of Federal Reserve Chairman Ben Bernanke.

All these famous personalities derive their way of thinking from the writings of John Maynard Keynes and endorse heavy government involvement in the economy.

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President Obama

Well, the inevitable is now official, and Obama is now President-elect of the United States.  The question is whether the Democrats will go overboard now that they have a clean sweep?

Congratulations to Obama.  Though I personally disagree with many of his left-wing ideals, you can’t deny the historic nature of his victory.

Obama Disses Rand?

A deliberate comment on the Rand philosophy, or just a coincidence?

“The point is, though, that — and it’s not just charity, it’s not just that I want to help the middle class and working people who are trying to get in the middle class — it’s that when we actually make sure that everybody’s got a shot – when young people can all go to college, when everybody’s got decent health care, when everybody’s got a little more money at the end of the month – then guess what? Everybody starts spending that money, they decide maybe I can afford a new car, maybe I can afford a computer for my child. They can buy the products and services that businesses are selling and everybody is better off. All boats rise. That’s what happened in the 1990s, that’s what we need to restore. And that’s what I’m gonna do as president of the United States of America.

“John McCain and Sarah Palin they call this socialistic,” Obama continued. “You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.”

In the same speech, Obama goes on to suggest that he’ll be criticised as communistic for sharing his toys as a child, or for splitting his “peanut butter and jelly” sandwiches at school.  Of course, this is nonsense.  It would have been a different case, however, had he taken lunches from other students to spread the food around.