In Round 4 of Wrestling with Economics, Matt Kibbe and Glenn Jacobs — Knox County Mayor and former WWE wrestler — explore the pivotal role entrepreneurs play in shaping and driving the economy. As Austrian economist Ludwig von Mises observed, entrepreneurs aren’t just trend followers — they have a rare ability to anticipate needs consumers don’t yet recognize. When Steve Jobs envisioned the iPhone, no one was demanding it — yet today it’s hard to imagine life without it. Entrepreneurs fuel innovation in both technology and organization, but their success depends on the freedom to experiment, take risks, and sometimes fail. That’s why the Austrian School champions getting out of the way and letting the marketplace decide which ideas rise or fall.
Matt Kibbe is President of Free the People. A fanatical DeadHead, drinker of craft beer and whisky, and collector of obscure books on Austrian economics, Kibbe is the host of BlazeTV’s Kibbe on Liberty, a weekly podcast that insists you think for yourself.
Republished from Free the People.
