The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Entrepreneurs on Apr 12th, 2010
Richard Trumka, head of the AFL-CIO (yes, that financial regulatory body) argues that venture capitalists and hedge funds ought to be regulated because a good number of firms they take over end up bankrupt. Extra credit to anyone who wishes to analyze what he says. Here’s one hint – maybe, perhaps maybe, these firms were [...]
Posted in Entrepreneurs on Dec 15th, 2009
The AP History view of the “robber barons” like John D. Rockefeller is that they monopolized entire industries, forced smaller competitors out of business, made lots of “offers people couldn’t refuse” and generally did all of this much to the detriment of the American consumers. So, these bastards needed to be stopped! Enter in the [...]
Posted in Entrepreneurs on Apr 9th, 2009
Mr. Mottola hopes his new business, Family Hot Dog, will supplement his sagging income as a home contractor. “I’m creating my own stimulus plan,” he says. “I’m not waiting for the president.”
Sadly, this will be riduculed. More sad than that:
“After Jerry and Sandra Mottola ordered a $3,000 hot-dog cart online recently, they discovered that there [...]
Posted in Entrepreneurs on Jan 16th, 2009
Meat?
Plastic?
Building Material?
Oh yeah, Grain too.
I love this show. Watch the show. Then imagine all of the entrepreneurs out there working with the thousands of agricultural products we use and have yet to discover …
That’s the creative part of creative destruction … and perhaps reflecting on it will brighten your day during these seemingly tough economic [...]
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)