The Law of Supply and Demand: Part II

A series of essays based on portions of Objective Economics: How Ayn Rand’s Philosophy Changes Everything About Economics by Northrup Buechner. In my previous posting on this subject, I noted that both the proponents and opponents of the law of supply and demand...

Individual Rights and Government Wrongs

An excerpt from the Introduction to Individual Rights and Government Wrongs.   This book was written for those who love the United States of America and the principles upon which it was founded. America was founded on an ideology—the right of each...

Wary Investors Give US Stocks Another Go

Recently, the stock market has been roaring, with the S&P 500 up a stunning 22% from October 3, 2011, which was the low of last year. In fact, the first month of 2012 has been one of the best Januaries on record for US stocks. On top of that, last Friday’s...

Good or Bad Economy? Win-Win for Obama

Obama says the unemployment numbers — down slightly — are good news. Critics say these unemployment numbers are mostly a reflection of the fact that more Americans are giving up on employment permanently, and therefore are no longer figured in the...

Crony Communism

It’s not like the old days in China when the top guys in the Communist Party at least pretended to be pro-equality. Back then, “poor peasants” were encouraged to denounce and kill “rich peasants” for the crime of being too productive, too...

The Grand Illusion of Medicare

National Journal online reports: “According to the Congressional Budget Office, which released its new Budget and Economic Outlook report [last week], a 10-year repeal of the growth-rate formula that froze doctors’ rates [for Medicare reimbursement] at...