Summer 2009 • Vol. 4, No. 2
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An Interview with a “Capitalist Pig”: Jonathan Hoenig on Hedge Funds, the Economic Crisis, and the Future of America
Discusses the nature and value of hedge funds, the ill effects of economic regulations, and how to fight for free markets.
Politics & Rights
Justice Holmes and the Empty Constitution
Examines the meaning and consequences of Oliver Wendell Holmes’s famous dissent in Lochner v. New York, showing how and why it has devastated American jurisprudence, and indicating what future jurists must grasp and do in order to begin reversing the damage.
History, Science & Technology
Energy at the Speed of Thought: The Original Alternative Energy Market
Surveys the history of the U.S. energy industry, with special emphasis on oil as the lifeblood of the modern world and on freedom as the condition that enabled oilmen to make it flow.
Politics & Rights, Science & Technology
A Brief History of U.S. Farm Policy and the Need for Free-Market Agriculture
Shows how the USDA has grown from a small, seemingly innocuous bureau promoting agricultural research to today’s freedom-thwarting, rights-violating, market-crushing behemoth.
Ayn Rand & Objectivism, Philosophy
The Is–Ought Gap: Subjectivism’s Technical Retreat
Examines the so-called is–ought gap, the claim that moral principles cannot be derived from observable facts, and highlights the need of a solution.
Review: Animal Spirits, by George A. Akerlof and Robert J. Shiller
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.
Review: Fooling Some of the People All the Time, by David Einhorn
Daniel Wahl reviews Fooling Some of the People All the Time: A Long Short (and Now Complete) Story, by David Einhorn.