Christmas Should be More Commercial

It is time to take the Christ out of Christmas, and turn the holiday into a guiltlessly egoistic, pro-reason, this-worldly, commercial celebration.

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Money and Banking Under Laissez-Faire Capitalism

This talk examines the development, operation and performance of monetary systems in the absence of government intervention.

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Monopoly Money: The Destabilizing Consequences of Central Banking

How currency monopolies promote booms and busts, and having a lender of last resort leads to moral hazard and financial instability.

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The United Nations Wrestling Federation

Professional wrestling is the soap opera farce of sports. From the official bouts to the backroom posturing, all disputes and relationships are staged and meaningless. One can say almost the same for the United Nations, and particularly its recent Millennial Meeting,...

The “Economic Growth Causes Inflation” Myth

There’s a certain economic platitude that outrages me every time I hear it repeated by the financial press and political economists. Put simply, it’s the familiar comment that economic growth causes inflation. It has many variations, including “high...

That Which Is Seen, And That Which Is Not Seen

In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause — it is seen. The others unfold...

Johnny Can’t Think But He’s a Great Guesser

As U.S. schoolchildren head back to their classrooms, they will face a threat greater than drugs or thugs — their school curriculum, said a senior writer for the Ayn Rand Institute. “For years, students have had their reading abilities destroyed with the...

The Forgotten Man

Trades-unions adopt various devices for raising wages, and those who give their time to philanthropy are interested in these devices, and wish them success. They fix their minds entirely on the workmen for the time being in the trade, and do not take note of any other...

The Antitrust Craze

Most of us can name no more than a dozen antitrust prosecutions under the Clinton Administration. However, since 1994, the Department of Justice has filed over 500 antitrust suits against American companies. The majority of suits went unnoticed, and only a select few...

Antitrust Morals and the Success of Tiger Woods

Tiger Woods’ remarkable run of success continues. In winning the last three major tournaments, two by record margins, he set new standards of golfing excellence while his competitors fought over second place. Some media commentators have wondered whether his...

The Forgotten Man, Part 2

There is an almost invincible prejudice that a man who gives a dollar to a beggar is generous and kind-hearted, but that a man who refuses the beggar and puts the dollar in a savings bank is stingy and mean. The former is putting capital where it is very sure to be...