Harry Binswanger

Dr. Binswanger, a longtime associate of Ayn Rand, is an professor of philosophy at the Objectivist Academic Center of the Ayn Rand Institute. He is the author of How We Know: Epistemology on an Objectivist Foundation and is the creator of The Ayn Rand Lexicon: Objectivism from A to Z.Dr. Binswanger blogs at HBLetter.com (HBL)--an email list for Objectivists for discussing philosophic and cultural issues. A free trial is available at: HBLetter.com.

The Real Meaning of the “Stimulus”: A 2.2 Trillion-Dollar Capital Consumption Program

The proper name for “government stimulus” is: “capital destruction.” It’s the unreplaced using up of the factors of production.

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