Profiles

When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. But there was plenty of talk of "rescue" when hedge funders lost money in the GameStop short squeeze.

As Thanksgiving approaches, we should be thankful to society’s economic benefactors rather than condemning them because of the wrongheaded ideology of egalitarianism.

The present fascination with socialism and hatred of capitalism reflects a combination of willful historical blindness, lack of simple common sense, and inexcusable economic ignorance.