Financial Markets Archives | Page 2 of 2 | The Ayn Rand Institute
Government And Business

The Great Depression and the Role of Government Intervention

The Myth: An unregulated free market and unrestricted Wall Street greed caused the Great Depression and only the interventionist policies of Franklin D. Roosevelt got us out. The Reality: The Great Depression was caused by government intervention, above all a financial system controlled by America’s central bank, the Federal Reserve — and the interventionist policies of Hoover and FDR only made things worse.
Government And Business

Finance Isn’t Free and Never Really Was

Now that Trump is in office there is talk that his administration will support repealing or revising Dodd-Frank — the government’s regulatory response to the financial crisis of 2008. The bill was sold as a way to protect ourselves from future crises by making the financial system more stable.
Government And Business

Bernie Sanders Is the Cause of Cronyism

The consensus among pundits about the Democratic presidential debate is that Hillary Clinton “won” in the sense that she came across as trustworthy, likable, and “presidential.” I’ll leave to readers to ponder the use of words like these to describe someone who has been dissembling about her emails for years now and who angrily dismissed a Congressional investigation into the cause of the Benghazi attacks with “What difference, at this point, does it make?”
Government And Business

The Debt Dialogues [Episode 50]: Yaron Brook on Finance (Part 3)

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 third 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 myth of financial deregulation, why the Federal Reserve should be abolished and the vital need for a moral defense of finance.
Government And Business

The Debt Dialogues [Episode 49]: Yaron Brook on Finance (Part 2)

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.
Government And Business

The Debt Dialogues [Episode 48]: Yaron Brook on Finance (Part 1)

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.

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
View Article