Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Saturday, May 11, 2013

Mainstream Radio Talks About Atlas MD

In this segment of his morning radio show, Bill Handel talks about the benefits of the concierge doctor service, Atlas MD. It's a glimpse into the quality and efficiency of free-market healthcare. The only thing that's missing is an unregulated, unsubsidized health insurance industry that mostly provides benefits for large/catastrophic medical expenses, rather than everyday expenses. This segment really is great to hear.

Bill Handel on Atlas MD

Thursday, April 11, 2013

America Before The Entitlement State

This article by Yaron Brook and Don Watkins should be seen by all Americans, and indeed, everyone else. It describes how people dealt with sudden injuries, deaths and the various disasters that can befall people, before government welfare programs and Social Security:

America Before The Entitlement State

Here's a video reading of a part of an essay from Capitalism: The Unknown Ideal by Ayn Rand:



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The Nature of the Morality of Rational Egoism: Short Notes

Wednesday, January 2, 2013

The REAL Fiscal Cliff

While politicians and the mainstream media in the US have been busy talking about the tax laws that expire at the end of 2012, we are approaching the real "fiscal cliff" very rapidly. This cliff is further in the future and no one knows exactly when we will fall over it, but the US will fall over it if it doesn't change direction immediately and drastically.

The US Federal debt currently stands at over $16.3 trillion and is rising by about $1 million every 40 seconds. The CBO projects massive annual deficits for the next 10 years.

The economist, Peter Schiff, spells out the harsh reality of the situation the US is getting itself into in the following set of videos:



QE stands for "Quantitative Easing," where the the Federal Reserve creates new money and uses it to buy financial assets directly from banks. QE generates an increase in the money supply.



To paraphrase Ayn Rand: The majority of people in the US can ignore reality, but they can't escape the consequences of ignoring reality.

The Federal Reserve is setting the US economy up for another huge crash and a round of hyperinflation. Yet, given our history, it is not hard to predict that when the big crash happens, "scheming businessmen" and/or "unscrupulous financial traders" will take the blame from the mainstream media and dominant public opinion.

This Objective Standard article describes the deeper philosophical problem: The Moral Cliff

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Related Posts:

What Caused the Financial Crisis: It Wasn't Capitalism or Deregulation

Sunday, October 14, 2012

Debate on Fossil Fuels and Environment: McKibben vs. Epstein

On November 5th at Duke university, renowned environmentalist and AGW proponent, Bill McKibben will debate Alex Epstein of the Center for Industrial Progress, on the effect that fossil fuels have on the human environment.

Here is a YouTube video on the debate:



As governments enact restrictions on fossil fuel use, power plant construction, CO2 emissions, etc. it's important to be clear on exactly what the effect of fossil fuel use is on the human environment and human life. Do they harm the planet, or do they improve it?

This debate urgently needs funds for livestreaming, recording, distribution and publicity, though. If anyone would like to donate any amount to help with this, they can go here: McKibben vs. Epstein Donations
(McKibben's website shows he will be there: http://www.billmckibben.com/appearances.html)

Here is a video of Power Hour by Alex Epstein on the indispensable role of coal in improving the standard of living of millions of people:

Here's the link if you can't see the last video: http://www.youtube.com/watch?v=SsyLrvxjzi0

Saturday, August 18, 2012

What Caused the Financial Crisis: It Wasn't Capitalism or Deregulation

Below are links to Yaron Brook's explanation of how the US housing bubble and financial crisis happened. Yaron Brook has an MBA, a Ph.D. in Finance, and was a professor of finance at a university.

Here is a short video on what caused the crisis: Did Capitalism Cause the Financial Crisis?

Here is a course that goes through the details of what happened and why. The video is in the center column of the page, at the top of the "Video & Audio" section: The Financial Crisis: What Happened and Why

Ayn Rand's essay: What is Capitalism? (YouTube audio)

Capitalism at The Ayn Rand Lexicon.