What, exactly, is “monetary policy” about? Why is there such a thing at all? What should we want to accomplish by it — and what should we not try to accomplish?
The result of the Federal Reserve’s increase in the money supply, which pushes interest rates below that market-balancing point, is an emerging price inﬂation and an initial investment boom, both of which are unsustainable in the long run.
Business is for producing and trading material values, driven by the profit motive.
In my years of teaching ethics to business students, I must have heard it all when it comes to justifying deception and lying in business.
Nothing that Lenin or Stalin implemented in Soviet Russia or Mao in China, for example, was not called for or implied in Marx’s own writings and arguments.
When I was about seventeen, and living in Hollywood, I met two men who introduced me to the works of Ayn Rand.
The CPI vs. the Diversity of Real People’s Choices
Is profit a dirty word? Would the world be better off without them?