Government And Business

High-Frequency Trading — A Government Byproduct?

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.

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.
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