Business & Economics
Archived items are listed in reverse order of publication date.
Argues, via a mountain of evidence, that the ultimate purpose of central banking is not to “correct market failures” or “prevent financial crises” or the like, but to finance fiscally profligate governments and welfare states.
The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy‘s Only Hope by John Allison
Objective Economics: How Ayn Rand’s Philosophy Changes Everything About Economics by M. Northrup Buechner
Examines Steve Jobs’s famous impatience, compares it to his less-well-known patience, and finds that in this area, as in so many others, Jobs breaks the mold and is worthy of praise and emulation.
Disabling America: The Unintended Consequences of the Government’s Protection of the Handicapped by Greg Perry
Toyota Under Fire: Lessons for Turning Crisis into Opportunity by Jeffrey K. Liker and Timothy N. Ogden
The Extra 2%: How Wall Street Strategies Took a Major League Baseball Team from Worst to First by Jonah Keri
Presents a compelling legal argument against the Individual Mandate.
Examines the government’s baseless case against career colleges and exposes its malicious efforts to destroy them.
Why ObamaCare is Wrong For America: How the New Health Care Law Drives Up Costs, Puts Government in Charge of Your Decisions, and Threatens Your Constitutional Rights by Grace-Marie Turner, James C. Capretta, Thomas P. Miller, and Robert E. Moffit
Elucidates the proper roles of government and charity in health care.
Distinguishes between school vouchers and tax credits, showing that only one of these can provide a viable road map toward a free market in education.
Shows how the novel brilliantly dramatizes the essential principles of this science along with the fallacies involved in denying those principles.
Tells the story of how a real-life Nat Taggart created one of the most life-serving industrial concerns ever to grace the face of the Earth.
Shows how this man of the mind designed and strove to develop a city of technology, industry, and commerce like none other to this day.
Shows why, far from achieving their intended goal of “national prestige,” the Commonwealth Games exposed an ugly contradiction in Indian culture and politics.
An Interview with Andrew Schiff about Fishing Nets, Hut Gluts, and other Economic Matters (accessible for free)
The author and investor discusses his book, the state of economy, the cause of America’s financial problems, and investment possibilities under the circumstances.
Surveys the life of the great tycoon and finds him to be rich in more ways than one.
Appetite for America: How Visionary Businessman Fred Harvey Built a Railroad Hospitality Empire That Civilized the Wild West, by Stephen Fried
Compares and contrasts the cost, quality, and accessibility of government-regulated, rights-violating medicine with that of free-market, rights-respecting medicine and finds, once again, that the moral is the practical.
The banking-magnate-turned-college-professor discusses his and BB&T’s continuing efforts and successes in establishing pro-capitalism programs in American universities.
Surveys the essential history of the British Industrial Revolution, showing that what made this period so remarkably productive was its substantial economic freedom, which unleashed countless industrious minds to solve problems of human survival and prosperity.
Offers practical advice toward preserving your access to quality health care in this new era of “change.”
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, by Gregory Zuckerman
Analyzes the recent Supreme Court decision in Citizens United v. FEC, surveys the relevant history of campaign finance laws in relation to the Court’s decision, and discusses the significance of the ruling for the future of free speech.
Identifies and concretizes various ways in which government interference in health care precludes doctors from honoring their promise to use their best judgment in treating their patients.
The Virtue of Treating People Like Animals: Why Human Health Care Should Mirror Veterinary Health Care
Shows that although veterinary and human medicine are extremely similar in terms of quality of care, the freer market for the former makes it substantially more affordable and accessible than the latter.
Tells the story of a little-known scientist whose independence, innovations, and passion for his work spawned an agricultural revolution that saved hundreds of millions of people from starvation.
Provides an illuminating view of the pharmaceutical industry, showing that industry executives have advocated and continue to advocate rights-violating legislation through which the companies gain revenue taken coercively by the government from American taxpayers—and further showing that the pharmaceutical industry’s advocacy of such legislation is killing . . . the industry itself.
Zeros in on the arbitrary, rights-violating nature of antitrust law; surveys the Obama administration’s efforts to bolster antitrust enforcement; considers the unprincipled arguments put forth by today’s most vocal opponents of antitrust; and calls for Americans to take a principled, rights-based stand—not only against the administration’s reinvigorated antitrust assault, but against antitrust law as such.
Asks ten crucial questions regarding the proposed law; examines what the proposed legislation actually says with respect to these questions; and evaluates the bill accordingly, showing that, if passed, it would massively expand government power over the health-care industry, virtually eliminate the remnants of freedom left in this market, and thus increase the U.S. government’s violations of individual rights by orders of magnitude.
Shows that, contrary to proposals being put forth by Republicans, a genuinely free market in health insurance is not only moral, in that it respects the rights of producers and consumers, but also practical, in that it enables businessmen to solve problems for profit—which leads to more and better products and services at lower prices for consumers.
Discusses the nature and value of hedge funds, the ill effects of economic regulations, and how to fight for free markets.
Surveys the history of the U.S. energy industry, with special emphasis on oil as the lifeblood of the modern world and on freedom as the condition that enabled oilmen to make it flow.
Shows how the USDA has grown from a small, seemingly innocuous bureau promoting agricultural research to today’s freedom-thwarting, rights-violating, market-crushing behemoth.
Fooling Some of the People All the Time Updated and Revised: A Long Short Story, by David Einhorn (accessible for free)
The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger, by Marc Levinson
An Interview with Yaron Brook
Explains why, more than fifty years ago, Rand was able to project the kinds of crises we are seeing today.
Demonstrates the actual nature of the allegedly free market that delivered the current mayhem.
Zeros in on the fundamental cause of the problem, showing that widespread acceptance of the morality of self-sacrifice necessitated the kinds of laws, regulations, and decisions that have driven the financial markets into the gutter.
A Survey of Amity Shlaes’s History of the Great Depression
Provides an essentialized chronology of the era, focusing on the (ominously familiar sounding) policies of Herbert Hoover and Franklin Delano Roosevelt.
Discusses efforts at state and federal levels to put Americans on a collective diet by violating the rights of food producers, restaurateurs, and consumers.
Demonstrates that Houston’s absence of zoning laws is largely responsible for the city’s relative health and prosperity, and urges Houstonians to halt and reverse the encroachments on their property rights before they find themselves zoned.
Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve,
by William A. Fleckenstein with Frederick Sheehan
Concretizes the selfishness-enabling nature of capitalism and shows why this feature makes it the only moral social system on earth.
Focuses on the principle of property rights as it applies to the Internet in the face of increasing calls for government controls of this, as yet, relatively free market.
Exposes Greenspan as anything but a principled capitalist whose free-market ideas somehow failed.
Surveys various ways in which the government violates the rights of energy producers and thereby impedes our supply of energy and raises prices on everything in the marketplace.
Identifies the theory behind the Massachusetts mandatory health insurance program, exposes the program as a fiasco, explains why the theory had to fail in practice, and sheds light on the only genuine, rights-respecting means to affordable, accessible health care for Americans.
Surveys the history, nature, and consequences of this behemoth government agency; shows that it is impractical and immoral; and indicates how, in the absence of the FDA, the free market could provide the highest possible level of drug safety and efficacy.
Surveys the history and achievements of America’s electricity entrepreneurs, shows how government interference in the transmission grid has hampered their enterprises from the outset to the present day, and indicates what America must do to liberate the grid and enable a new wave of entrepreneurs to supply this vital product commensurate with the country’s demand.
Examines the inception and rise of Standard Oil, demonstrates that the company’s immense success was the result not of so-called “anti-competitive” practices or “predatory pricing” but of its superior efficiency and productivity, and does long-overdo justice to one of the greatest producers of life-serving values in history: John D. Rockefeller.
Surveys the history of government interference in health insurance and medicine in America, specifying the rights violations and economic problems caused thereby; enumerates the failed attempts to solve those economic problems by means of further government interference; and shows that the only viable solution to the debacle at hand is to gradually and systematically transition to a rights-respecting, fully free market in these industries.
Illustrates the utter insanity of today’s liability law, recounts the roots and original purpose of the law of torts, surveys the missing links and corrupt ideas that led to its destruction, and sheds light on the path to identifying a sound body of principles that will ground this field in the ultimate purpose of objective law: the protection of individual rights.
Presents an essentialized history of usury, showing that, just as moneylenders are being damned and blamed for today's "sub-prime mortgage crisis," so they have been condemned and castigated for alleged wrongdoing from the beginning of Western civilization. Brook zeros in on the economic and moral premises that give rise to contempt for this profession; he identifies the moral-practical dichotomy inherent in these ideas; and he discusses a unified set of principles that must be understood and embraced if moneylending is to be seen as the noble business that it actually is.