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“Atlas Shrugged” In News
Published on : Thursday, January 07, 2010
The subject of Thursday’s (8 p.m., Eastern Time) “Stossel” on the Fox Business Network will be the novel “Atlas Shrugged”. There will be interviews with leading Objectivists including Dr. Yaron Brook.
Global meltdown rule no. 1: Do the math
Published on : Sunday, April 12, 2009
We can't start fixing the financial crisis until we can get a handle on the toxic assets behind the financial crisis, writes Hernando de Soto in the Los Angeles Times.
Is Ayn Rand relevant today?
Published on : Saturday, March 14, 2009
In "Atlas Shrugged," Rand tells the story of the US economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar? The novel's eerily prophetic nature is no coincidence. Economic crises and runaway government power grabs don't just happen by themselves; they are the product of the philosophical ideas prevalent in a society – particularly its dominant moral ideas, writes Yaron Brook in The Wall Street Journal.
Motek Singh Ahuluwalia speaks about the rational of the economic stimulus package
Published on : Monday, January 12, 2009
Montek Singh Ahluwalia discusses the scale and nature of the economic downturn facing India with Priscilla Jebaraj from The Hindu. He also explains the scope of, and rationale behind, the government’s stimulus efforts. “The essence of fiscal discipline is that you’ve got to be extra good when things are good, so that you can be a little bit bad when things are bad… you’re borrowing future fiscal deficits for the current year,” he says. He urges the States, and job-seekers, to use the expected two-year period of the downturn to make themselves more competitive.
Coal will save the economy
Published on : Saturday, January 03, 2009
The benefits of coal-generated electricity are too often ignored in public policy debates. The alleged deaths caused by coal are based on speculative links between pollution and disease, and unwarranted extrapolations from responsible estimates to levels that grab headlines and prompt contributions. Coal helps keep American homes, businesses, factories, airports, schools and hospitals humming, and provides myriad benefits that never get mentioned by anti-coal factions. Even if we accept these groups’ assertions as fact, the benefits of coal should be considered in any policy debate – just as we acknowledge (and strive to reduce) motor vehicle deaths, but recognize the value of transporting people, products and produce, writes Paul Driessen in the Townhall.
Hunger is still killing millions
Published on : Monday, December 29, 2008
The financial crisis has set the clock back in more ways than one: in December, the Food and Agriculture Organisation said the food and financial crises, which followed each other, have wiped out nearly 30 years of progress on reducing hunger and the number of hungry rose to 963 million in 2008. India, no doubt, will be hit hard because even before the meltdown, the country had a staggering 230 million undernourished people, the highest number for any one country in the world. It is estimated that 43 per cent of Indian children below five years are underweight and malnutrition is believed to account for half of child deaths, writes KumKum Dasgupta in the Hindustan Times.
Pod Cast: Robert Higgs on the Great Depression
Published on : Friday, December 26, 2008
Robert Higgs of the Independent Institute talks with EconTalk host Russ Roberts about the Great Depression, and the effect of World War II on the American Economy.
Government’s non-interference will speed up the recovery process
Published on : Sunday, December 21, 2008
Government interference through providing fiscal stimulus packages, will unfortunately push the global economy into a massive depression, the very outcome that these policies are expected to prevent. A more recent example is the protracted depression in Japan even till today, despite all kinds of fiscal stimuli and quantitative easing to prop up the economy throughout the past decade. Yet, the recent Group of Twenty summit in November showed strong preference for aggressive fiscal stimulus packages, which they believe will prevent the current recession from getting uglier, writes Kaushik Das in the Live Mint.
I, Pencil: Celebrating 50th anniversary
Published on : Friday, December 19, 2008
Millions of human beings have had a hand in my creation. If I, Pencil, were the only item that could offer testimony on what men and women can accomplish when free to try, then those with little faith would have a fair case. However, there is testimony galore; it’s all about us and on every hand. Mail delivery is exceedingly simple when compared, for instance, to the making of an automobile or a calculating machine or a grain combine or a milling machine or to tens of thousands of other things, writes Leonard E Read in the Foundation for Economic Education.
Indian economy is in for a downturn
Published on : Friday, December 19, 2008
We had a terrific investment boom from 2003 to 2006 when our investment rate went up to 38 percent. But investment creates capacity and therefore the total productive capacity in the economy has been building up. At some point, this capacity must exceed demand. At that point you will have a downturn. Everyone is looking backwards and saying we grew at 9 percent for the last two years and so we’ll grow at 8 percent this year. No one is thinking of the future. I predict that we are going to have a very serious downturn in this economy in the next few years, certainly till 2010, writes Ashok Desai in the Liberty Institute.
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