Mises: “Customers Are in Charge, not Corporations.”

In his little 1944 masterpiece, Bureaucracy, Ludwig von Mises identified the supreme agent in the free market economy: the consumer. The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are [...]

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Samsung Hammers Apple, as I Predicted in 2011.

Samsung is the dominant producer in the smartphone market today. Apple is falling behind. In second place in China is Lenovo, not Apple. Which market is the market of the future? The USA or Asia? I knew this would happen. I said so in 2011. Samsung uses the Android operating system. Android is the future, [...]

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Pizza on Mars. “Tea. Earl Gray.” The Food Replicator Is Here.

Twenty years ago, I wrote an article: “Growing Toyotas. Manufacturing Soybeans.” I was half right. There is a 3-D printer that can manufacture chocolate. The future is clear: people will have food replicators, just like on the Enterprise. “Tea. Earl Gray.” There will always be foodies who grow food in their backyard, the way my [...]

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IRS Bureaucrat Takes the Fifth. This Is Going to Be Fun.

The IRS lady who was in charge of the program to screen non-profit 501(c)(4) applications has taken the fifth amendment. She refused to testify on the grounds that her testimony may tend to incriminate her: the fifth amendment of the Constitution. Good for her. Every IRS official should do the same. They should all be [...]

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9-Shot .380 Pistol Made with a $1,725 3-D Printer

The gun cost $25 in materials. It was made on a 3-D printer that costs under $1,800 new. In short, it’s a home-brew pistol. It cannot be fired rapidly. But it shows that the technology is real. Over the next few years, 3-D gun production will improve. It had a few metal screws that the [...]

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The Federal Reserve Turns Over $1 Trillion to Foreign Banks.

The Federal Rerserve does not publicize the fact that the big beneficiaries of its largesse are foreign banks that operate inside the USA. What’s that, you say? The Money machine is bailing out foreign banks? That’s right. But shouldn’t the money be set aside for American banks? What makes you think this. Look, this is [...]

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National Protest Against IRS at Noon Today

Tea Party groups are organizing a national rally to protest the IRS’s invasive tactics against conservative organizations. An interactive map of where the meetings will be held is here. This has been great publicity for the Tea Party movement. It is likely to grow. Here is why this is important. Bureaucracies fear three things, and [...]

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