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Author Archive | Harry Binswanger

Defending Capitalism: Ayn Rand vs. Hayek

Ayn Rand publicly recommended the works of Mises but not of Hayek. Today, when Hayek is much better known than Mises, it’s worth seeing why. I came to the full realization of what’s wrong with Hayek’s approach while re-reading Atlas Shrugged. No, not in Galt’s speech, but surprisingly in the section describing the Minnesota harvest […]

Collectivist Arizona Immigration Law is Anti-Capitalist

Now that the Arizona immigration-control law is at the Supreme Court, it’s time to analyze that law. There are two levels: the philosophic level and the level of Constitutional law. Fortunately, they both point to the same conclusion. The philosophical issue is my main concern. There is no dichotomy between property rights and “human rights”. […]

Greg Smith vs. Goldman Sachs

Just now I can’t summon the energy to write the post that should be written to defend Goldman Sachs against the disgusting, publicity-seeking attack made on it last week by ex-employee Greg Smith. (Mr. Smith was not highly placed at the firm: he was one of 12,000 “vice-presidents.”) His attack came in the form of […]

Steve Jobs Entrepreneur

Suddenly, Steve Jobs is gone. And only now is his exceptional ability being fully realized. Many of us felt a sense of personal loss at the news of his death. Good tributes to him have appeared in The Wall Street Journal (Walt Mossberg), The NY Times (David Pogue), CNBC (Jim Cramer), and elsewhere. There is […]

Altruism vs. Google

Incredibly, there’s antitrust action going on against Google. Google, which gives away its expert services! Search engines, led by Google, have revolutionized our lives. I noted this phenomenon back in 2003. It’s only 8 years ago, but it seems like a different era, because what I was noting was the dawn of a new era, […]

Obama's Speech to Congress

President Obama began his speech to Congress by saying: “The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy.” In other words, “You oppose me because you are playing politics; when I oppose you, it’s something entirely different, something […]

Books: I Am John Galt

?This newly released book is by Donald Luskin and Andrew Greta. Mr. Luskin is Chief Investment Officer of an investment strategy company, TrendMacro. He’s also well known as an author and a commentator on CNBC. He has recently had several op-eds published in the Wall St. Journal. His co-author has only slightly less impressive credentials. […]

Altruism: Why The Republicans Will Lose The Budget Cut Battle

Late-breaking: contrary to the spin I fell for, the Paul Ryan budget plan is a fraud. Karl Rove reports that the proposed budget does not cut a single dime. It’s the oldest trick in the book: pass off a slowed increase as a cut. Ryan’s “Path to Prosperity” budget proposal would raise spending, preserve and […]