Galileo Blogs

The issues underlying financial "reform" are incredibly complex. Yet, it is utterly banal, average people, with average (or less) ...

Healthcare is not a right. It is a good and service to be bought voluntarily from willing providers, like anything else. Do I tell my barber...

by Raymond C. Niles (This introduction was originally posted at the " Principles in Practice " website where a free version of Mr....

The Federal Reserve recently announced that it would establish rules governing the pay of employees at essentially all bank and financial co...

Some weeks ago a reader of my blog posted the story of his father-in-law, who received treatment under Canada's system of socialized med...

The European antitrust regulator has just announced it will fine Intel Corporation $1.44 billion (1.06 billion euros) because it "harme...

I joined thousands of other protesters yesterday at the "Tea Party" protest at City Hall Park in downtown New York. My sign read o...

What is bankruptcy? Bankruptcy is the financial state that occurs when a person or business can no longer repay its debts. In the legal sens...

Paul Hsieh has an interesting commentary on President Obama's embrace of something called "libertarian paternalism." Obama ap...

[See update to this post below.] “There will be a time for [Wall Street executives] to make profits and there will be a time for them to get...

I commend to you a new review of a great work of art, Dae Jang Geum . The author of the review contends that it is a "work of Romantic...

When I was an economics undergraduate in the 1980s, I learned an astonishing “joke” among economists: “Torture the data and nature will repe...

I enjoy many good blogs, many of which are represented on the "My Reading" list that appears on the right side of this blog page. ...

Bush Is No Champion of the Free Market November 14, 2008. Reprinted with permission from the Ayn Rand Institute . Washington, D.C.—In a rece...

I did not vote for Obama, but I am glad he got elected given the alternative . Yet, I fear we are becoming an Obama-Nation that is most assu...

In this case, it is Rep. Barney Frank . Of Wall Street bonuses, he says , "There should be a moratorium on bonuses." Just who is B...

The article below is reprinted with permission from the Ayn Rand Institute. My comments follow. Greenspan Has No Free Market Philosophy Oct...

Enjoy this compendium of 20 of the world's tallest buildings under construction or planned for completion over the next few years. My f...

A jury in Nevada convicted O.J. Simpson yesterday of armed robbery. In a poetic reminder of O.J.’s horrendous crime long ago, the verdict ca...

As for the denunciations of greed by John McCain, Wall Street trader Jim Cramer, and so many others, it is just so... un-American! America w...

I originally wrote this for the website "The One Minute Case" here . Given that short sellers are once again a scapegoat for a dec...

The weekend nationalization of Fannie Mae and Freddie Mac is nothing new. From their creation in the 1930s, these entities were government c...

It is nearly impossible to know what a politician will do in office. I blame pragmatism for that difficulty. Nearly every politician succumb...

These words championed on Republican banners during John McCain’s acceptance speech last night mark a dangerous inversion of the moral princ...

A group of 100 college presidents called the Amethyst Initiative has publicly declared its support for lowering the drinking age to 18. I a...

I am pleased to announce that the above-entitled article, written by (non-pseudonymous) me, has been published by The Objective Standard . T...

A stockbroker friend of mine sent me this chart showing the ratio between the Dow Jones Industrial Average (and its equivalent predecessor i...

Congress is blaming speculators for the barreling rise in the price of oil, as of this writing $126 per barrel. In late 1998, oil dipped bri...

A friend of mine recently renovated his apartment in New York. It was a gut job; the contractor peeled off the walls and removed the floors....