Economics

Daniel Wahl reviews Fooling Some of the People All the Time: A Long Short (and Now Complete) Story, by David Einhorn.

Eric Daniels reviews Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, by George A. Akerlof and Robert J. Shiller.

Discusses the nature and value of hedge funds, the ill effects of economic regulations, and how to fight for free markets.

Zeros in on the fundamental cause of the problem, showing that widespread acceptance of the morality of self-sacrifice necessitated the kinds of laws, regulations, and decisions that have driven the financial markets into the gutter.

Demonstrates the actual nature of the allegedly free market that delivered the current mayhem.

Joe Kroeger reviews Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve, by William A. Fleckenstein with Frederick Sheehan.

Eric Daniels reviews New Deal or Raw Deal? How FDR’s Economic Legacy Has Damaged America, by Burton Folsom Jr.

Exposes Greenspan as anything but a principled capitalist whose free-market ideas somehow failed.

Focuses on the principle of property rights as it applies to the Internet in the face of increasing calls for government controls of this, as yet, relatively free market.

Concretizes the selfishness-enabling nature of capitalism and shows why this feature makes it the only moral social system on earth.