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So how to deal with a workplace bully? The only effective way to do so is to apply appropriate moral principles: rationality, integrity and justice.

Objective Moral Principles Make Decisions Easier

Thanks to Ayn Rand and the objective moral principles she identified, we can make moral decisions more easily—and achieve our values in the long term.

Should the Nanny State Dictate Training for Uber Drivers?

Should government be an all-knowing, benevolent nanny who tells us how we must live, for our own good?

In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil...

Blowing Off The Roof

by Peter Schiff

Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal...

Video: John Allison on Principled Leadership

by John Allison

On July 21, 2011, Wake Forest University Schools of Business Distinguished Professor of Practice John Allison address the Master of Arts in Management Class of 2012. The retired chairman and CEO of BB&T discussed Principled Leadership with the incoming class of business students.

The Swamp Strikes Back

On August 21st many Americans witnessed the moon cast a historic but short-lived shadow across the United States. One day later, President Trump reversed his previously stated position on the 16 year old Afghan War, thereby eclipsing the possibility that the United...

Altruist Morality Equals Bad Economics

If we embraced the moral code of rational egoism, we would solve all of today’s economic problems … and reach unprecedented human prosperity and flourishing

How To Be a Better Boss

Their pragmatist mindset of “skip the philosophy; just give me the practical tips,” hinders them from becoming better managers.

Austrian Monetary Theory vs. Federal Reserve Inflation Targeting

The phantom of “inflation targeting.”

Ten Years On: Recession, Recovery and the Regulatory State

All that the American economy has gone through over the last decade is not a “crisis of capitalism,” understood as a truly free market, but the crisis of the government managed and manipulated system of economic control, command and accompanying corruption.

Business Requires a Rational Ethics

Not all ethics guide us to achieve happy, fulfilling lives

Bernie Madoff: Lessons From an Ayn Rand Villain

Madoff was what Ayn Rand would call a second-hander: someone who tries to gain values by pleasing and manipulating others rather than thinking for himself based on observation of facts and supporting himself through productive work.

What Motivates Amazon’s Critics?

What really drives Amazin’s critics is a hatred of success: success of anyone who is achieving more than others.

A Monetary Policy Primer, Part 11: Last-Resort Lending

Forget about monetary policy for a moment or two, and imagine, instead, that you’re back in 6th grade. You and your classmates are about to go on a camping trip, involving some strenuous hiking, and lasting several days.

The EU and Japan Move Closer

Any news that emerged from last week's G-20 Summit in Hamburg, Germany was bound to be overshadowed by the high theater of the first-ever meeting between U.S. President Trump and Russian President Vladimir Putin. As a result, the biggest actual development from the...

A Monetary Policy Primer, Part 10: Discretion, or a Rule?

Damn the Deficits, Huge Tax Cuts Ahead!

by Peter Schiff

Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if...

Republicans Craft the Next Great Healthcare Failure

by Peter Schiff

Those who claim that the Senate Republican proposal to replace Obamacare will kick millions of people out from health insurance coverage are dead wrong. Yes, it will cause the number of insured people to decline, but that will happen because millions of healthy...

Italy’s Bank Rescue Foreshadows Nationalization of More EU Banks

On December 7, 2016, Italy’s Prime Minister Matteo Renzi resigned following defeat in a national referendum, that he had supported, that would have changed the country’s parliamentary system. The development, which represents just the latest sign of anti-EU sentiment...

Government Monopoly Money vs. Personal Choice in Currency

Greater monetary freedom would not only give every citizen a legal right to protect and secure his income, wealth and market transactions from abusive mismanagement of the government’s monopoly monetary printing press. It could also serve as a check on the degree of such government abuse.

British Election Sends Shockwaves Felt Here and Abroad

Last week’s General Election in the United Kingdom was a disaster for the new conservative government of Prime Minster Theresa May. Having called the unnecessary “snap” elections in order to strengthen her political hand, the result actually reduced the number of...

Karl Marx’s Ideas and Errors About Capitalism and Communism, Part Two

The task is not to be on some mythical “right side of history,” but to make history reflect the triumph and success of the idea and ideals of human liberty.

Karl Marx’s Ideas and Errors About Capitalism and Markets, Part One

Marx saw himself as the sociological and economic analyst of the capitalist epoch through which he was living.

In Defense of Trumpian Diplomacy

Given the media’s obsession with some of the President Trump’s communication challenges, it was utterly predictable that the President’s declaration that his trip to Europe and the Middle East should be considered a “home run” was met almost universally with ridicule....

Economic Ideas: Frédéric Bastiat on the Law of Liberty and Free Markets

Almost 170 years have passed since Frédéric Bastiat’s death, but there are few writers on economic topics that remain as readable or relevant to the issues of our own day.

Tariff Walls and Trade Wars Equal Government Planning

Both President Trump and Chinese President Xi are proponents of central planning, with the interests of the State taking precedence over the liberty and peaceful choices of their citizens.

Political Planning Requires Coercion; Market Planning Requires Cooperation

The essential element in government planning is the threat or use of force to make all the others in society conform to political planner’s purposes and intentions.

The Virtue of Profit Maximization

There is no virtue in restraining the pursuit of profit: profit maximization is moral.

Trade Deficits Are Only Dangerous When Caused By Government

Governments have sold their bonds to fund vote-buying welfare state spending, or expanding bureaucracies with loyal supporters of power-hungry politicians, or on delusional dreams of military power, or colossal public works projects hailing the greatness of the dictatorial or democratically elected leader.

Wrong Lessons from Canada’s Private Currency, Part 3

The real lessons to be learned from Canada’s 19th-century currency system.

Wrong Lessons from Canada’s Private Currency, Part 2