All Posts Tagged With: "greed"
Madoff is a Piker
Bernard Madoff, who stands accused of bilking sophisticated investors out of $50 billion, reportedly told two of his executives that his business was “a giant Ponzi scheme.”
Perpetrators of Ponzi schemes lead clients to believe their money is invested and that their profits are the fruits of the money manager’s savvy. But in fact the “profits” [...]
Black Swans, Butterflies, and the Economy
One side blames the market. The other blames government. We get two causal stories going in opposite directions and a lot of animus. But both perhaps are missing something important in this titanic debate about our current financial crisis. It’s time we exposed a complicated truth about the economy of the 21st century.
Nassim Nicholas Taleb [...]
Was Dickens Really a Socialist?
I have been an avid fan of Charles Dickens’s works since before entering high school. I have also adhered to the freedom philosophy for about as long.
Therefore, as the years passed and I read more and more commentators lauding Dickens as a catalyst for collectivist economics and state-centered social programs, I grew discouraged and disquieted. [...]
Scotland: The Bitter Taste of Independence
Contributing editor James Payne visited Scotland in the fall of 2003. His latest book, A History of Force (Lytton), was published in January.
For nearly a thousand years, the Scots have been struggling to gain independence from England—and a bloody struggle it has been, too, costing countless lives and sowing destruction in both countries. An act [...]
Is Greed Green?
Pierre Desrochers is research director at the Montreal Economic Institute (www.iedm.org).
Devising prescriptions for “sustainable development” has made the fortune of a number of academics and consultants and provided a new raison d’être for countless bureaucracies. According to these “sustainability experts,” since the dawn of the industrial age the goals of economic growth and enhanced environmental [...]
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
