The Postmodern “Counter-Enlightenment” Attack on Reason, Science and Capitalism

Anoop Verma reviews “Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault” by Stephen Hicks

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How We Know – Epistemology On An Objectivist Foundation

Harry Binswanger’s How We Know – Epistemology On An Objectivist Foundation (TOF Publications) is aimed at exposing the root causes of bad epistemology, and bringing clarity to the crucial questions: What is knowledge? How is it acquired? How is it validated? To a large extent, the material that Binswanger has presented was originated by Ayn Rand.

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A Monetary Policy Primer, Part 6: The Reserve-Deposit Multiplier

The multiplier’s significance to monetary policy is, or used to be, straightforward: it indicated the quantity of additional bank deposits that monetary authorities could expect to see banks produce in response to any increment of new bank reserves supplied them by means of either open-market operations or direct central bank loans.

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Mission Impossible: Shaming a Victicrat

“Don’t they have any shame?” thundered Robert De Niro to Congress in “Guilty by Suspicion,” a movie about the Hollywood Blacklist. But toe-tag — don’t-confuse-me-with-the-facts — liberals show absolutely no shame,...

Self-Sacrifice Not Selfishness Caused the Holocaust

A genocide like the Holocaust will happen again unless the world learns the root cause of the Nazis’ evil — self-sacrifice, said a senior writer for the Ayn Rand Institute. “‘Never again’ is a phrase we hear repeatedly on May 2, Holocaust...

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...