Is Money the Root of All Evil?

Mike Maloney reads from Ayn Rand’s Atlas Shrugged.  Specifically, the part of the story where Francisco d’Anconia gives his discourse on money, how it is earned by productive people and either looted or mooched away by unproductive people.  After questioning whether or not money is the root of all evil, Francisco asks, “What the root of money?

Francisco’s ‘money speech’ can also be read at Capitalismmagazine.com.

A most excellent excerpt:

When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.

Capitalism, Bail-Outs & Free Markets

A lot of the people within the “99%” recognize that something’s wrong with today’s economy.  But pin-pointing exactly what the causes of the problems have been is a bit more challenging. As a result, many find premature targets for their demonstrations.  Before casting blame for the ills of society, it’s important to educate one’s self on basic terms, such as capitalism and free markets and how government intervention and bail-outs corrupt the underlying institutions by rewarding a few elites at the expense of the consumer majority.  The following (short) video explains, in simple terms with real examples, why being pro-business is not the same thing as being a supporter of free markets.