Innovation

Currency Competition: The Renewed Interest in Cryptocurrencies

Only the sovereign of a liberal democratic community, the citizen, can set limits to state action. Challenging the state’s monetary monopoly through monetary competition would be one means of doing so.

The Entrepreneurial State Stifles Creativity and Hinders Innovation

Today, people trust the state to lead us into a sustainable future. All it has to do is steer innovation in the right direction, many say. But where the planning state intervenes, creativity suffers.

What Comes after the Coronavirus Crisis – More Socialism or More Capitalism?

Statism is on the rise, despite the fact that western nations were ill-prepared for the Coronavirus pandemic. Old leftist demands are now given even more credence than usual. How can classical liberals and capitalists counter this statist impulse?

The Alternate Universe of Anti-Capitalist Coronavirus Experts

The COVID-19 epidemic becomes a pretext for critics of capitalism to once again castigate “neoliberalism.” The survival of the free market economy and the renewal of small government is essential, especially now.

The Entrepreneur’s Responsibility Is to Succeed as an Entrepreneur

From a “man of the church” one usually expects (besides friendly praise for the work of the entrepreneur) the admonition that entrepreneurs should not merely strive for profit, but always

How Much State Does a Just Society Need?

The title question I was asked, “How much state does a just society need?” assumes that a just society requires a superior power—the state. The question is about “how much

The Labor of Capital: How Wealth is Created

The Catholic Church’s mistrust of free entrepreneurship is an old phenomenon. At its origin is the idea of antagonism between “Labor and Capital”, rooted in the influence of Marxist doctrine. It is time to leave this misleading dichotomy behind.

Elon Musk’s Reach for the Stars: Why Eccentric Entrepreneurs Also Benefit the Rest of Us

Elon Musk might rub some people the wrong way, but this eccentric entrepreneur has accomplished some things that many believed were unlikely or even impossible. And ultimately society has benefited.