"Bonuses are awarded *a posteriori,* based on objective information and according to a plan which has been established or agreed upon beforehand and articulated in a totally unequivocal fashion. Bonuses do not guide action, since they are awarded in a rigid and objective manner after the fact. Most of all, the granting of bonuses involves an interpretive judgment about events, a judgment which is only meaningful if made entrepreneurially, but not if it arises from the commands of a central planning agency (which lacks the information necessary to award bonuses in anything but an arbitrary manner), or if bonuses have been established beforehand for all cases and depend on the meeting of certain, more or less measurable criteria." - JesΓΊs Huerta de Soto, ***Socialism, Economic Calculation, and Entrepreneurship*** (2010) p. 241. Translated by Melinda Stroup. #AnCap #Libertarian #Libertarianism #Antistate #FreeMarket #MarketEconomy #FreeTrade #Enterprise #Entrepreneuership #Competition #Competitive #TimePreference #Consequentialism #Quotestr
"We know that information is subjective and dynamic, and that it is constantly created as those who are free to grasp profit opportunities through entrepreneurship come to perceive these opportunities. Because entrepreneurship is, by definition, eliminated when private ownership of the means of production is abolished, and as a result, individuals lose the possibility of freely perceiving goals and striving to achieve them, such goals cease to act as an incentive, and the information vital to reaching them is not generated. Consequently, by definition, wherever free entrepreneurship does not exist, one can never assume that the information which arises only from the process entrepreneurship drives will be generated." - JesΓΊs Huerta de Soto, ***Socialism, Economic Calculation, and Entrepreneurship*** (2010) p. 194. Translated by Melinda Stroup. #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #Mises #Hayek #PrivateProperty #PrivateOwnership #FreeMarket #MarketEconomy #Subjective #Dynamic #Entrepreneurship #Competition #Incentives #Praxeology #HumanAction #Quotestr
Get yourself a lady as loyal as her, gentlemen. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Datestr #Barstr #Womenstr #Video #Videostr
Not to mention overpriced food and drinks! Source: @_videojames_ig, IG #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Voiceover #Video #Videostr
Taylor Swift if her music was actually good. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Plebchain #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Music #Musicstr #Tunestr #Rapstr #Parody #Video #Videostr
The reason why cities do not have as much space for walking and biking is because most are publicly-owned, and thus there is no incentive to make them more accessible through more sidewalks and bike lanes; as the government is exempt from experiencing the market signals of prices, profit, and loss. If they were privately-owned, there would be incentives for making them more accessible to people who prefer walking and biking over cars in order to meet supply and demand of residents. View quoted note β†’