The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, the second of a three-part interview, I talk to ARI’s executive director, Yaron Brook, about the financial industry — one of the chief targets of the attacks on economic inequality. Topics include: the productive contribution of hedge funds, why finance is a top target of the inequality alarmists and the causes of the 2008 Financial Crisis.
The Debt Dialogues is a weekly podcast that aims to educate young people about the welfare state and how it will affect their future. In this episode, the first of a three-part interview, I talk to ARI’s executive director Yaron Brook about the financial industry — one of the chief targets of the attacks on economic inequality. Topics include: the productive role of finance, the meaning of “capital” and why finance is so reviled.
On today’s episode of The Yaron Brook Show, topics included: Yaron’s review of American Sniper; the elections in Greece; everything wrong with President Obama’s State of the Union address; the policies Yaron would pass if he were president.
In an online interview at City A.M., ARI executive director Yaron Brook commented on French economist Thomas Piketty’s Capital in the Twenty-First Century, the surprise international bestseller that laments economic inequality.
Whenever the press, politicians and academics vilify a financial phenomenon, further examination almost always reveals that its bad elements are caused by regulation, not by markets — and often its consequences are good, despite what the experts claim. Case in point: the hysteria surrounding so-called high-frequency trading.
Most people have heard the phrase “chilling effect” in connection with free speech. The idea is that vague laws can cause people to stop speaking out of fear that they might say something that violates the law.
We have heard several prominent business leaders — such as Home Depot co-founder Bernie Marcus and Subway founder Fred Deluca — state that they could not have started their amazingly successful businesses if they had to do it in today’s regulatory environment. This is alarming, and it is important to get a concrete sense of how regulations are killing the potential Home Depots and Subways of tomorrow.
