Khmer Rouge’s Genocide in the Name of Marxist Utopia

Aiming to establish a classless agrarian utopia where there was complete rejection of capitalism, the Khmer Rouge destroyed all the cities, all the industries, hospitals and schools, and every speck of modernity in Cambodia.

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The New Era Nikkei Falls Flat

Last month, the formulators of the Nikkei 225 attempted to update the index in order to reflect the growth of the high-tech sector in the Japanese economy. While editors at the Nihon Keizai newspaper were operating on the belief that the index had become increasingly...

Greenspan, Interest Rates & Inflation

What do low interest rates have to do with causing the government to inflate the money supply? The link between Fed-manipulated interest rates and the money supply is a direct, causal one. The interest rate in question is the ‘Fed Funds rate’. This is the...

Read their lips Hong Kong: “New taxes!”

For the sixth year in a row, Hong Kong has been named the world’s freest economy in the Heritage Foundation’s annual “Index of Economic Freedom.” One of the reasons for this is its low taxes, and what the Hong Kong government boasts on its web...

Andrew Bernstein on Heroism and Hero Worship

“The essence of heroism is an unbreached and unbreachable allegiance to the good in the face of any possible form of opposition”–Dr Andrew Bernstein Prodos for Capitalism Magazine: What do these people have in common? Galileo, Thomas Jefferson,...

13 Reasons for the NASDAQ Crash

After the NASDAQ Composite Index slid 33% from March 27th to its dramatic one-day decline on April 14th, most people weren’t sure what had happened – or why it happened. The financial press was in an uproar trying to make sense of everything, and even now,...

Police Scandal: Overreaction Equals Anarchy

“They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” Ben Franklin’s statement remains true today. But the absence of rule of law produces anarchy. In the most far-reaching corruption...

Blacks, Hispanics, and Education

An education bill seems to be moving through Congress to some sort of bipartisan consensus. Like many other bipartisan measures, it serves the short-term interests of Democrats and Republicans, not the long-term interests of the public. Despite some largely cosmetic...

Assault Microsoft, Assault the NASDAQ

Earlier this month US District Court Judge Thomas Penfield Jackson issued his “conclusions of law” in the Microsoft antitrust case. BAM! Nearly $90 billion in value was destroyed–at Microsoft alone. The firm’s stock plunged 14%. The broader...

Ayn Rand, Smoking, & Atlas Shrugged

Smoking a cigarette was symbolic to Miss Rand. As one character in Atlas Shrugged said, “I like to think of fire held in a man’s hand. Fire, a dangerous force, tamed at his fingertips. I often wonder about the hours when a man sits alone, watching the...

Elian Should Stay Free in America

MARINA DEL REY, CA — The plight of Elian Gonzalez is an American issue not just a Cuban-American one, said a spokesperson for the Ayn Rand Institute. “Elian’s case is fundamentally the conflict between the individual and the collective,” said...