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Tag Archives: Capitalism

Banks, Lending, and Pay-caps, oh my!

18-Dec-09

Several banks are repaying their government bailout money, partially so they don’t have to abide by executive pay limits which they say reduces their competitiveness. The President is telling banks that having benefited from the help of U.S. taxpayers, they have to lend more.
Article in pertinent part:
President Obama told some of the nation’s top bankers [...]

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NY Times: Misunderstanding Capitalism’s Premises

07-Nov-09

The New York Times offers a book review of a Rand biographer in which they fundamentally misunderstand  Rand’s vision of capitalism:
“When Bennett Cerf, a head of Random House, begged her to cut Galt’s speech, Rand replied with what Heller calls “a comment that became publishing legend”: “Would you cut the Bible?” …In fact, any editor certainly [...]

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