INDEX

A

ABC, 118–19, 124

AbeBooks, 18

Academy of Motion Picture Arts and Sciences, 117

Achatz, Grant, 165–67, 174, 181

Adidas, 152, 155–56

Adrià, Ferran, 166

Advanced Research Projects Agency, 18

Affleck, Ben, 6, 108, 217–19

Affordable Care Act, 89, 236. See also Obamacare

After America (Steyn), 29

Age of Turbulence, The (Greenspan), 193–94

Albuquerque, NM, 84

Alinea, 165–67, 174, 180

Allen, Paul, 84

Allies, the, xv

Allison, John, 103–4, 115, 132, 160, 211, 243

Amazon.com, 9, 18, 38, 83–84, 122–23, 127

AMC, 119

American Airlines, 83, 111, 122

American Enterprise Institute, the, 104, 160

American Pie, 6

America Online (AOL), 122–23, 125

Ames, Elizabeth, 91

Anderson, Benjamin, 88, 232

Anheuser-Busch, 118

Aniston, Jennifer, 153

Annapolis Lighting, 87

Ann Arbor, MI, 82, 101

Antitrust (Armentano), 117

antitrust regulation, 119, 122, 124–26

Apollo 13, 120

Appalachian State, 101–2, 107, 131

Apple, Inc., 10, 19–21, 24–25, 28, 38, 57–58, 81–82, 86, 122, 124–25, 127, 141, 147, 151–52, 161, 177–78, 182, 190–91, 196, 219, 238. See also Apple Computer

Apple App Store, 82

Apple Computer, 9–10. See also Apple, Inc.

Applied Finance Group, 189, 244

Arena Football League, 130

Argo, 108, 218

Arizona Daily Star, 123

Armentano, Dominick, 117

Armstrong, Lance, 34

Arthurdale, WV, 21–22, 24

Association of Licensed Automobile Manufacturers, 12

AT&T Stadium, 34

Atlanta, GA, 130, 145

Auburn University, 65

Auletta, Ken, 140

Austin, TX, 35, 81, 83, 129–30

Austrian School of economics, 16, 202

AZT, 110

B

Back to the Land (Maloney), 21

bailouts, xii, 16, 62, 80–81, 115, 127, 220–24, 228

Bain Capital, 62

Bakken Shale, 15

Bancroft, Anne, 17

Bangladesh, 86

bankruptcy, xvi, 16, 62, 70–72, 81, 109, 120, 124, 219, 222

Barnes & Noble, 123

Bart, Peter, 118

bartering, xii

Bartley, Robert, 23–25, 33, 106, 135, 142, 159, 244, 246

Bastiat, Frédéric, 14–15, 165, 244

Bay, Michael, 218

Baylor, Elgin, 143

BB&T Bank, 103, 114–15, 132, 243

Bear Stearns, xvi, 212, 219, 221, 228

Beaverton, OR, 150

Beckham, David, 150

Bellissimo, Teressa, 173

Bermuda, 161

Bernanke, Ben, xii, 103, 192–95, 221, 224–26, 235, 237–38

Betamax, 189

Bezos, Jeff, 9, 18, 20, 38, 114, 123

“Big Oil,” 15

“Big Pharma,” 113

Big Short, The (Lewis), 107, 227

Bikini Beach (Bocca), 135

Biography of the Dollar (Karmin), 181

Birmingham Barons, 145–46

BlackBerry, 19

Blackledge, Todd, 119

Blockbuster Video, 59, 120–23, 167, 219

Bloomberg, 210

Bloomberg, Michael, xvii, 56

Bloomberg LP, 56

Bloomfield, Nigel, 137

Bluhdorn, Charles, 118

Blumenthal, Michael, 202

BMW 535i, 197

Bocca, Geoffrey, 135–36

Boehner, John, 15

Boeing, 84

Bogdanovich, Peter, 69–72, 75

Boise State, 102

Bonderman, David, 63

Borders, 82–83, 123, 168

Borman, Frank, 110–11

Bosh, Chris, 64

Boudreaux, Donald J., 149

Brady, Tom, 102, 119, 222

Brando, Marlon, 118

Breaking Bad, 119

Brenner, Reuven, 53, 56, 245

Bright, H. R. “Bum,” 34

Brillstein, Bernie, 56

Brin, Sergey, 114

Britain, xv, 37–38, 155, 158, 185, 213

      tax rate of, 4–5, 36–38

Brookes, Warren, xix, 52, 113–14, 244, 246

Brooks, John, 201

Buffalo, NY, 173–74

Buffalo Bills, 71

Buffett, Warren, 23, 50–51, 63

Bundesbank, 200

Bush, George H. W., 206, 208

Bush, George W., 209–10, 214–15, 221, 223, 226, 228–29, 234–37, 239

      and the dollar, 209–10, 214–15, 229, 237

Bush tax cuts, 236

Business Insider, 123

C

California, 7, 10, 15, 66, 121, 131, 147, 149, 163, 166

      films made in, 7

      tax rates in, 7, 15

Campbell, Earl, 70

capital, xiii–xv, 6, 8–9, 12–13, 15–16, 20–24, 26–27, 30–32, 35–41, 46, 51, 58, 61–63, 69, 73, 75–77, 80–83, 89, 91–93, 96, 104, 106, 112–14, 120, 124, 128, 152–53, 160, 182, 188, 192, 201, 203, 207, 211, 219–20, 224–25, 227, 229–30, 232–34, 237, 245

capital gains taxes, 33–41, 91, 95, 203, 206

capitalism, 8–9, 13, 19, 22, 54, 59, 64, 66–67, 91, 137, 150, 164, 176, 189, 192–93, 219, 222–23, 228–30, 232, 234

      as a two-way street, 9

      compassion and, 13, 54

Carlyle Group, 119

Carmazzi, Giovanni, 119

Carroll, Pete, 66, 86, 221

Carter, Cris, 86

Carter, Jimmy, 202–3, 205–6, 209, 214, 226, 239

Castro, Fidel, 155–56

Cato Institute, 64, 159–60, 241, 243, 247–48

CBS, 118–19, 145

Central American Free Trade agreement, 138

central planning, 223

Central Powers, the, 158

Chase, David, 119

Chevron, 161, 210

Chicago, IL, 83, 145, 165, 167

Chicago Bulls, 145

Chicago Mercantile Exchange, 183–84

child labor, 85

China, Chinese, xiii–xiv, 27, 132, 151, 162–64, 167, 176, 192–93, 197, 209, 237

China National Petroleum Corporation, 162

Chrysler, 80–81, 184

Churchill, Winston, 135

Cisco, 76, 206

Citigroup, 127

Civil War, the, 67, 117, 222

Clark County, NV, 79

Clinton, Bill, 58, 206–8, 239

CNN, 54, 123

Coca-Cola, 102, 107–8, 144

Coliseum (LA), 4

Comcast, 123–24

commodities, 57, 159, 178, 183–84, 197, 200–1, 210

Communist Manifesto (Marx), xi

comparative advantage, 143–48, 150–51, 157, 159–60, 162, 168, 184, 234

Competitive Enterprise Institute, the, 114

Congressional Budget Office (CBO), 29

ConocoPhillips, 161, 210

Constitution, the, 93–94

Consumer Price Index (CPI), xv, 196–97, 200

consumption, 38, 41, 45, 51, 61, 72–77, 95–96, 140, 147, 160, 162, 177, 190, 192–93, 202, 204 211, 213, 218–20, 223–24, 227, 235, 238

consumption tax, 95–96

Continental Airlines, 63

Cooley, Chris, 87

Coolidge, Calvin, 231

Coppola, Francis Ford, 69

Corn Laws, xv, 158

corporate tax rates, 12, 15

Costner, Kevin, 108

Coulter, Jim, 63

Crawley family (Downton Abbey characters), 48–49

“creative destruction,” xiv

credit default swaps (CDSs), 106–7

Crews, Wayne, 114

Crovitz, L. Gordon, 131

Crude World (Maass), 162

Cuaron, Alfonso, 167

Cuba, 155–57

Culinary Institute of America, 166

Cupertino, CA, 10, 82, 147, 152

Cyprus Air, 87

D

Daily Telegraph, 55

Daisy Miller, 69

Dallas Buyers Club, 110

Dallas Cowboys, xvii, 31, 33–40

Dances With Wolves, 108

D’Antoni, Phil, 13–14

Dao of Capital, The (Spitznagel), 11–12

Dartmouth College, 184

Davis, Fred, 87

de Blasio, Bill, 237

debt, 25–30, 39–40, 55, 72, 74–75, 95, 106–7, 242, 244

deficits

      budget deficits, xiii, 25–32, 233

      trade deficits, xiii, 135–42

de Laurentiis, Dino, 118

Dell, Michael, 19, 57

Dell computers, 124–25, 177–78, 182, 189, 197, 219

Democratic Party, the, 24

Dench, Judi, 17

Dent, Jim, 36

Denver Broncos, 64

deregulation, 111, 205, 211–12

Desert Inn, 80–81

Detroit, MI, 80–81, 84–85, 142, 144, 154

Detroit Lions, 144

Dividing the Wealth (Kershner), 51, 77

Dobbs, Lou, 195

Doerr, John, 82

dollar, the, xv, xxiii, 24, 30, 37, 157–61, 176–86, 197–210, 214–15, 218, 226, 229, 232, 237

Domitrovic, Brian, 199, 215

Dow Jones Industrial Average, 62

Downton Abbey, xvii, 48–49

Drake Hotel, 83

Dunne, Dominick, 55–56

Duryea, Charles, 11

Duryea, Frank, 11

DynaTAC 8000X, 57, 189

E

Eason, Tony, 119

Eastern Airlines, 110

East Germany, 225

Econoclasts (Domitrovic), 199

economics, 9, 113, 140, 157–59, 162, 220, 232, 240

      as a profession, xxi–xxiii, 186, 192–94

      as a science, xii, xvii–xviii, xxi–xxiii, 220, 227, 240

Economics (Samuelson), xvii

Economics and the Public Welfare (Anderson), 88, 232

Economics in One Lesson (Hazlitt), 79, 85

economic stimulus, 76, 91

Economist, The, 84

Economy in Mind, The (Brookes), xix, 52

Edsel, 108

84 Charing Cross Road, 17–18, 59

Elephant and the Dragon, The (Meredith), 151

Eli Lilly, 109

Ellison, Larry, 44

Emminger, Otmar, 200

Encore, the, 80

End Is Near and It’s Going to Be Awesome, The (Williamson), 29

energy independence, xv, 155–64

entrepreneurs, entrepreneurship, xv, xvii, xxii, 11, 14, 16, 19–20, 27–28, 30, 33, 35–38, 40–41, 45–47, 51–52, 54, 57–60, 72–76, 81, 89, 91, 95–96, 114, 121, 128, 137, 169, 187–92, 202–3, 214, 220, 227, 232, 238, 243

entropy, 187

      high entropy, 176, 187–88, 208

      low entropy, 176, 180, 188–89, 208

Entropy Economics, 187

ESPN, xvii, 46–48, 101, 200

ESPN (Freeman), 47

ESPN-TV. See ESPN

estate tax, the, xv, 43–52

Evans, Robert, 118

Exile on Main St. (Rolling Stones), 4, 6

Expedia.com, 83

ExxonMobil, 15, 161, 210

F

Facebook, 20, 24, 66, 91–92, 114, 119, 131, 239

failure, xvii, 23, 35, 40, 56, 80, 86–87, 105, 109, 113, 191, 218–24, 228, 230, 235, 239, 242

      lessons learned from, xvii, 40, 80, 86, 113, 218, 221, 224

Fair Labor Standards Act, 233

Fair Tax, the, 95

Fannie Mae, xvi, 62, 211, 213

Federal Aviation Administration (FAA), 111

Federal Deposit Insurance Corporation (FDIC), 103

Federal Drug Administration (FDA), 109–10, 113

Federal Homestead Act, 21

Federal Open Market Committee, 195

Federal Reserve, the, xii, xv, 71, 103–4, 190, 192, 209, 214

Ferguson, Niall, 29–30

Fergusson, Adam, 199, 214

Financial Crisis and the Free Market Cure, The (Allison), 103, 243

financial crisis of 2008–2009, xv, 107, 208, 215, 217–30, 236

flat tax, the, 95

Flint, MI, 154

Flynn, Matt, 65

Fools Rush In (Munk), 123

Foote, Shelby, 217

Forbes, 140, 177–78, 183, 203, 245–46

Forbes, Steve, 91, 95, 183, 197, 249

Forbes 400, the, 23, 60–61, 66

Ford. See Ford Motor Company

Ford, Henry, 11–13, 19, 60, 74–76, 85, 166, 233

Forde, Pat, 101

Ford Motor Company, 4, 11–13, 19, 74–76, 80, 108, 184, 196, 219, 233

foreign investment, 141

Fortune, 18, 47, 204

Founding Fathers, 94, 97

Fox Business News, 195

France, 5, 27, 155

Franklin, Benjamin,

Freddie Mac, xvi, 211, 213

Freeman, Michael, 47

free markets, free-market capitalism, xi, 64, 89, 113, 139, 147, 207, 223, 237

French Connection, The, 13–14, 32

French Laundry, 166–67

Friedkin, William, 13–14, 69

Friedkin Connection, The (Friedkin), 13

Friedman, Milton, xiii

Friedman, Thomas, 169

Friendster, 113

Frum, David, 203

G

Galbraith, John Kenneth, 126

Gates, Bill, 20, 50–52, 84, 112, 122, 129

Gazprom, 162

General Motors, 4, 80–81, 126–27, 234

General Theory of Employment, Interest and Money (Keynes), xi

Georgia, 6

Germany, 158, 185, 214, 225

Getty, John Paul, 47–48, 52

Ghostbusters, 56

Gigli, 108, 218–19

Gilder, George, xviii, 14, 176, 187–88, 203, 204, 213, 242–43

Giving Pledge, the, 50

Glass-Steagall, 211–12

globalization, 149–50, 192, 198

Globalization (Boudreaux), 149

Godfather, The, 118

Goizueta, Roberto, 108

Gold (Lewis), 179

Goldman Sachs, 92, 102, 105, 132, 182

gold standard, the, x, 178–83, 232

Gone with the Wind, 118, 120

Gonzalez, Tony, 144–45

Google, 15–20, 24–25, 28, 76, 124–25, 129, 161, 210, 223, 238

Google Chrome, 125

GooglePlex, the, 161

Gorman, James, 217

Gourmet, 165

government

      job creation and, 19, 79–89

      as obstacle to growth, xviii, 127

      role in 2008 crisis, xv, 101–15, 217–30, 235, 236

      wealth and, 18–19, 28, 40, 44–45

government spending, xii–xiii, xxi, 17–24, 30–32, 188, 208, 233, 237, 247

Gravity, 167

Great Chicken Wing Hunt, The, 174

Great Depression, the, xi, 21, 232, 238

Green Bay Packers, 71, 130

Greenspan, Alan, 103, 193–94, 211

Greider, William, 214

Gronkowski, Rob, 144, 222

Guatemala, 141, 164

Guest, Christopher, 31

Gulf & Western, 118

H

Hackman, Gene, 13

Haiti, 86

Harry Potter series, 55

Harvard University, 210

Hastings, Reed, 59–60, 120–21

Hazlitt, Henry, 79, 82, 85, 125

HBO, 119, 155

hedge funds, 61, 105, 183–84, 224, 227

Help, The (Stockett), 130

Heppenheimer, T. A., 111

Hilton, Conrad, 43, 52

Hilton, Paris, xvii, 43–45

Hollywood Palladium, 3

Hollywood Video, 120–22

Honda, 81

Honduras, 28

Hong Kong, 139, 141–42, 153, 169, 242

Hoover, Herbert, 232–34

Hopkins, Anthony, 17

House of God, 231

housing, xiv, 61–62, 75–76, 79, 103, 105–6, 140, 146, 201–2, 204–5, 211–15, 218–20, 223–24, 226–27, 229, 235, 238, 247, 249

Howard, Graeme, 234

How Capitalism Will Save Us (Forbes and Ames), 91

I

I, Pencil, 149

IBM, 24, 57, 76, 127

IBM System/360, 57

immigrants, xxii, 131

income inequality, 54, 59, 67

Indianapolis, IN, 187

inflation, xv, 185, 187–98, 199–215, 226, 243

initial public offerings (IPOs), 37–38, 76, 91–92, 203, 206, 210

Inland Revenue Service, 5

In Search of Excellence (Peters), 127

interest rates, xii, 71, 76, 212–14, 237

Internal Revenue Service (IRS), 48, 50, 94–95

International Monetary Fund (IMF), xviii

internet, the, xv, 17–19, 23, 57–58, 60, 83, 85, 122–25, 161, 208, 243

      government’s role in founding of, 18–19

      job growth caused by, xiv, 19, 83, 85

      jobs killed by, xiv, 19, 83, 85

Internet Explorer, 125

investing, investment, investors, xiii, xvi–xvii, 4, 9–13, 19–28, 30–31, 34–41, 45, 47–48, 56, 61–63, 73–76, 80–83, 85, 91–93, 96, 103, 105–6, 119, 121, 128, 141, 151–53, 156, 160–61, 164–65, 169, 179–83, 185, 188, 199, 201–12, 214–15, 218, 222–23, 226–28, 230, 232–37

Iowa, 7, 130

iPods, xiv, 9, 124–25, 147

Irving G. Thalberg Memorial Award, 117

Irwin, Douglas, 184

Isaacson, Walter, 146

Israel, 157–61

Italy, 118, 141, 164

J

Jackson, Bo, 145

James, LeBron, 64, 143–45, 147–48, 160–61, 168, 204

Japan, xviii, 27, 141, 158, 164, 182, 185, 202–3, 209, 225

Jobs, Steve, xiv, 9–10, 20, 23–24, 38, 41, 59, 75, 81–82, 85–86, 96, 114, 146–47

“Joe the Plumber,” 44

Johnson, Jimmy, 33

Johnson, Lyndon B., 179

Johnson, Samuel, 105

Jones, Jerry, xvii, 33–40

Jordan, Michael, 143, 145–46, 168, 204–5, 210

K

Kaepernick, Colin, 175

Kaiser, George, 24

Kansas City Royals, 145

Karmin, Craig, 181

Kealoha, Ric, 174

Keller, Thomas, 166

Kennedy, Edward M. “Ted,” 110–12

Keough, Donald, 108

Kershner, Howard E., 51, 77, 225

Keynes, John Maynard, xi

Keynesianism, Keynesians, xiv, xvi

Kim Jong-Un, 176

King, Larry, xvii, 54

Kleiner Perkins Caufield Byers, 82

Knight, Phil, 151

Knowledge and Power (Gilder), xix

Kohn, Donald, 193–94

Kokonas, Nick, 101, 165

Koum, Jan, 131

Kraft, Myra, 40

Kraft, Robert, 39–40

Kudlow, Lawrence, 207–8, 242

L

Labyrinths of Prosperity (Brenner), xix

Laffer, Arthur, 168, 242

LaGuardia Airport, 122

Lamont, Thomas W., 234

Landry, Tom, 33, 35

Larry King Live, 54

Last Picture Show, The, 69, 184

Las Vegas, NV, 26, 79–81, 191

Layne, Bobby, 70

Leaf, Ryan, 175

Lear, Norman, 31

Lehman Brothers, xvi, 219–22, 228

Leviathan, 24, 44. See also government

Lewis, Michael, 106, 227

Lewis, Nathan, 179, 208, 243

Life (Richards), 4

lifestyle inequality, 59–60

Live by Night, 6

London, 17, 141, 150, 246

Long, Jake, 102

Los Angeles, CA, 3, 6–7, 59, 163, 168

Los Angeles Times, 6–7

Los Gatos, CA, 121

Lott, Trent, 93

Louisiana State University, 65

Lowe, Rob, 7

Lucas, George, 69

M

Maass, Peter, 162

Mack, John J., 217, 223

Mad Men, 119

Madoff Securities, 109

Maher, Bill, 155

Malibu, CA, 4, 163

Maloney, C. J., 21

Manhattan Island, 142

Manning, Peyton, 175

Marino, Dan, 119

Marx, Karl, xi

Maryland, Russell, 31–32

Maugham, Somerset, 167

Mayer, Louis B., 117

Mayo Clinic, the, 168

McConnell, Mitch, 15

McDonald’s, xxiii, 144, 169, 177

McGwire, Mark, 34

McKenna, Regis, 146

McKinnon, Ronald I., 207

McMillan, Chris, 154

Melamed, Leo, 183

Merck, 102, 109

Merrill Lynch, 212

Metro-Goldwyn-Mayer (MGM), 117–18

Miami Heat, 64

Microsoft, 21, 45, 51, 76, 82, 84, 124–27, 161, 168, 182, 206

Middle East, 157, 159

Midland, TX, 204

Mill, John Stuart, 43, 74, 76, 178, 187, 229, 244

Miller Brewing, 118

Mises, Ludwig von, 16, 202

Mitchell, Margaret, 118

Model Ts, 12, 233

Monday Night Football (MNF), 118–20

money, xii, xiii, xxiii, 5, 9–10, 20–22, 24, 26, 28, 30–31, 34–35, 37–39, 41, 44–45, 48–49, 51–52, 56, 60–63, 65, 70, 72–73, 76, 81, 92–95, 104, 107, 109, 113–15, 137, 140, 164, 171, 176–85, 187–88, 190–91, 196, 198–200, 203–5, 207–12, 214–15, 232, 239, 243, 245

monopolies, monopoly profits, 123–28

Moore, Chris, 6

Moretti, Enrico, 10, 82–83, 151–53

Morgan, J. P., 92, 102, 212, 221, 234

Morgan Stanley, 105, 217, 223

Moscow on the Hudson, 138

Moscow Scene, The (Bocca), 135–36

Motorola, 57–58, 189

Movie Gallery, 120

Mozilla Firefox, 125

municipal bonds (“munis”), 38, 40

Muppet Show, The, 56

MySpace, 113, 131

N

Napster, 147

NASDAQ, 160

Nashville, TN, 142

National Buffalo Wing Festival, 174

National Football League (NFL), the, 31, 33–35, 39–40, 65, 71, 86–87, 101–2, 119, 130, 143–45, 147, 160, 173, 175, 199

National Iranian Oil Company, 162

National Review, 29, 241

NBC, 119, 124

Netflix, 59–60, 121–24, 127

Neuharth, Al, xvii, 53–54,

New Coke, 108

New England Patriots, 39–40, 66, 91, 102, 144, 221–22

New Geography of Jobs, The (Moretti), 10

Newton, Isaac, 52

New York, NY, 17, 59, 122, 130, 140–42, 150, 153, 163, 168, 173–74, 224, 245

New York Jets, 66, 221–22

New York Times, 47, 53, 56, 169, 201

New York Yankees, 49

NFL Europe, 130

NFL Today, 145

Nicaragua, 28

Nike, 144, 150–52, 156, 161, 196, 246

99 percent, the, 64

Nixon, Richard, 176, 179, 181, 201–2, 205–6, 239

Nock, Albert Jay, 235–36, 238

North Dakota, 15, 162, 195, 210

North Korea, 176, 223

O

Oakland Raiders, 145

Obama, Barack, 24, 44, 89, 229, 234, 236–37, 239

Obamacare, 89, 239

O’Brien, Ken, 119

Office of the Comptroller of the Currency, 103

O’Grady, Mary Anastasia, 138

Ohio State University, 65, 86

Ohno, Kenichi, 207

oil, 14–15, 23, 47, 49, 60, 84, 120, 126, 137, 139, 157–62, 167, 174, 183–84, 195, 201, 203–5, 209–10, 214

O’Neill, Paul, 209

1 percent, the, 9, 64, 66, 93

Oracle, 44, 141

O’Rourke, P. J., 137

outsourcing, xv, 141, 146, 149–54, 195

P

Palazzo, the, 80

Paley, William S., 118

Paper Moon, 69

Paramount, 118

Park Avenue, 142

Parkinson, C. Northcote, 17

Parkinson’s Law (Parkinson), 17

Patriot Act, 211

Paulson, John, 61–63, 105–6, 212, 226–27, 235

Pellegrini, Paolo, 212

Pelosi, Nancy, 15

Pennington, Bill, 46

Percy, Walker, 217

Permian Basin, the, 162

Perry, Mark, 160

Petroleos de Venezuela, 162

Pettigrew, Brandon, 144

Pfizer, 109, 132

Philadelphia Eagles, 71, 86

Pitt, Brad, 7

Pixar, 14, 147

Plainville, CT, 46

Portland, OR, 151

Portland State, 64

Postman, The, 108

Principles of Political Economy (Mill), 43, 178, 187

private equity, 62–63

private sector, the, 19, 21, 23, 28, 30, 40–41, 92–93, 102, 106, 120, 132, 188, 232–34

progressive taxation, 5

Prudhoe Bay, AK, 15, 161

Puzo, Mario, 118

Q

quantitative easing, 71, 238

R

Rasmussen, Bill, xvii, 46–48

Rasmussen, Scott, 47

Read, Leonard, 149

Reagan, Ronald, 204–6, 208–9, 223, 239, 242, 244

Reagan National Airport, 122

RealClearMarkets, 140, 177–78, 243

Real Time, 155

recessions, xiv, xviii, 53, 205, 220, 231–32, 238

Redmond, WA, 168

regulation, regulators, xxii–xxiii, 101–15, 119–28, 131–32, 164, 188, 205, 208, 211–12, 224, 228, 230, 232–33, 236–37, 243. See also names of individual regulatory agencies

“regulatory capture,” 103

Reichl, Ruth, 165

Reid, Harry, 15

Republicans, Republican, 62, 205–6

Reynolds, Alan, 64, 241

Reynolds, Matthew, 174

Richards, Keith, 4–5, 36–37

Rise and Fall of Monetarism, The (Smith), 214

Roaring ’20s, 232

“robber barons,” 85

Robertson, Oscar, 143

Rock, Arthur, 9–10

Rockefeller, John D., 52, 60, 126

Rocky, 108

Rolling Stones, the, 4–6, 12, 36

Romney, Mitt, 62

Roosevelt, Eleanor, 21

Roosevelt, Franklin D., 21, 232–34

Rose Bowl, 4, 29, 70

Roubini, Nouriel, 228–29

Rowling, J. K., xvii, 55

Royal Navy, 158

Rubenstein, David, 119

Russia, Russians, 54, 135, 137–38, 167, 25

Russians, The (Smith), 137

Ryan, Buddy, 86

S

Saban, Nick, 221

Sahara Hotel, 80

Salomon Brothers, 34, 56

Samsung, 144, 152

Samuelson, Paul, xv

San Antonio Spurs, 64

S&P 500, 203, 206, 208

Sands, the, 80

San Francisco MacWorld, 82

San Leandro, CA, 149

Sarbanes-Oxley, 211

Saturday Night Live, 56

Saudi Aramco, 162

Saverin, Eduardo, 91–94, 96

Savile Row, 141

savings, saving, xiv, xvi, 16, 20, 38–39, 45, 49, 61, 72–75, 96, 137, 140, 169, 190, 192–93, 207, 226, 238

Say, Jean-Baptiste, 143, 147, 244

Schramm, Tex, 35

Schumer, Charles, 91, 93–94

Schumpeter, Joseph, xiv, 227

Schwarzenegger, Arnold, 119

Seattle, WA, 64, 66, 83–84, 142, 175

Seattle Seahawks, 64–66, 175

Secrets of the Temple (Greider), 214

Securities and Exchange Commission (SEC), 102, 222

“seen” and “unseen” in economics, 14–25, 24, 46, 75, 80–81, 85, 113–14, 183, 224

Seven Fat Years, The (Bartley), 23, 25, 33, 106, 135, 142, 159, 244

Shanghai, 142, 150

Shell Oil, 159

Shenzen, 151

Shepherd, Cybill, 69

Shula, Mike, 221

Silicon Valley, CA, 10, 23, 59, 81, 83, 113–14, 141–42, 152–53, 208, 224

Simple Life, The, 43

Simpson, O. J., 119

Singapore, 91–92, 185

Skippy peanut butter, 197

slavery, 156

Sloan, Allan, 18–19

Smith, Adam, 3, 69, 75–76, 176, 211, 229, 244

Smith, Hedrick, 137

Smith, Malcolm, 175

Smoot-Hawley Tariff, 234

Snow, John, 209

Solyndra, 24

Soon-Shiong, Patrick, xvii, 60

Sopranos, The, 56, 119

South by Southwest (SXSW), 130

South Dakota, 15, 54, 210

South Dakota School of Mines & Technology, 210

South Korea, 223

Spain, 166–67

Spitznagel, Mark, 11–13

Sports Illustrated, 31–32

Springfield, MA, 11

Stallone, Sylvester, 108

Standard Oil, 60, 126

Stanford Institute for Economic Policy Research, 192

Staples Center, 3–4

Starbucks, 151, 197

Staubach, Roger, 34–35

St. Clair, MI, 66, 174

Steinbrenner, George, 49–50

Steyn, Mark, 28–30

Stigler, George, 103

St. Louis Rams, 130

Stockett, Katherine, 130–31

Stone, Oliver, 57

Stories I Only Tell My Friends (Lowe), 7

Stratten, Dorothy, 70

subprime market, subprime sector, 103

Sunset Strip, 3

Super Bowl, 31, 33–34, 39, 64–66, 130, 173, 175, 191, 196, 199–200

Superman, 59

supply side, xxii, 199

Swanson, Bret, 187–89, 242

Swenson, Roland, 129–31

Switzer, Barry, 34

T

Tamny, John, xi–xviii

Tandy 5000, 189, 197

Tango & Cash, 108

tariffs, xv, xxiii, 209, 234, 237

tax code, xii, 41, 44, 50, 91, 95

taxes, xii–xiii, xviii, xxii, 3–10, 12–14, 20–21, 30, 37–39, 45, 49, 73, 91, 95–96, 156, 161, 188, 203–4, 232, 234, 237, 243, 245

      as penalty on work, 3–10

tax rates, xii, 4–6, 8, 12–15, 28, 36, 38, 205–6, 233

Taylor, Jerry, 159

Tel Aviv, 159

Tennessee Titans, 71

Tenth Amendment (U.S. Constitution), 94

Terminator, The, 119

Texas, 15, 34, 63, 70, 102, 129, 195, 204, 210

Texas Pacific Group, 63

There Must Be a Pony in Here Somewhere (Swisher), 123

They All Laughed, 70

Thiel, Peter, 20

This Is Spinal Tap, 31–32

Time, 31, 71, 76

Time Warner, 122–25

Titanic, 218

Tocqueville, Alexis de, 80, 213

Tolstoy, Leo, 167

Toreador Research & Trading, 140, 189, 244

Toyota, 81, 182

trade, xii–xiii, xviii, xxii–xxiii, 7, 72–73, 86, 104–5, 120, 123, 135–42, 147, 155–56, 158–59, 165–70, 177–78, 182–85, 188, 205–6, 208, 212, 220, 227, 230, 232, 234, 237, 239

trade deficits, 135–42

Transportation Security Administration (TSA), 112

Treatise on Political Economy, A (Say), 143

Treat of Nanking, 139

trickle-down economics, 9

Trio, 167

Trotter, Charlie, 166

Turbulent Skies (Heppenheimer), 111

Turner, Ted, 54, 123

Twentieth Century Fox, 14

Twitter, 20

U

Uber, 8–9

Undistributed Profits Tax (1936), 233

unemployment, 76, 86–88, 169, 193–95, 197–98, 232, 234

unemployment benefits, 14, 88

Union of Soviet Socialist Republics (USSR), 137–38

United Airlines, 63

United States, the

      child labor in, 85–86

      consumer-price index of, 197

      debt of, 26–29

      deficit of, 27–29

      economy of, xiv, xxi–xxii, 26–27, 37, 72, 138–39, 196, 225, 229–30

      energy policy of, 161–63

      financial crisis in, xv–xvi, 238

      gold standard and, xxiii, 178, 181–82, 184–85, 200–1, 208, 229

      government of, 230

      housing crisis and, 224

      immigration to, 63–64

      industries in, xiv–xv, 19, 23, 46, 53, 60, 74, 84–85, 111, 127, 160, 165, 224

      “outsourcing” from, 150–52, 195

      predictions of doom for, 29

      recessions in, 231–32, 234

      regulation in, 122

      tax rates in, 12, 15, 37–38, 91–97, 161, 234

      trade and, xiii, 138–41, 156–59, 167–68, 184–85, 206

University of Alabama (Crimson Tide), 65–66, 221

University of California at Berkeley, 10

University of Florida (Gators), 102, 104

University of Louisville, 102

University of Miami (Hurricanes), 31, 102

University of Michigan (Wolverines), 70, 101–2, 107, 131–32

University of Southern California (USC), 66, 70, 221

University of Texas (Longhorns), 70, 102, 129

UPS, 151

US Airways, 122

USA Today, xvii, 53–54

U.S. Bureau of Labor Statistics, 196

U.S. Congress, the, 16, 22, 24, 45, 94, 104, 224, 226, 229, 235

U.S. Department of Energy, 24

U.S. Department of Justice, 122, 125

U.S. Postal Service, 111

U.S. Treasury Department, 202, 207, 209–10

      bailouts by the, xvi, 221, 226, 235

      debt of the, 26, 28–29

      revenues of the, 27, 93, 95

V

Van Doren, Peter, 159

Vanity Fair, 46

Venetian, the, 80

venture capitalism, capitalists, 9, 22, 26–27, 82, 153, 160, 189–90

VHS videos, 189, 191

Vietnam, Vietnamese, 150–51

Volkswagen, 81

W

Wachovia, 212

Wade, Dwyane, 64

Wallison, Peter, 104

Wall Street, xvi, 56, 61, 105, 182, 244

      symbolism of, 181

Wall Street, 57

Wall Street Journal, 70–71, 103, 131, 138, 174, 181, 194, 197, 217, 242

      “Mansion” section, 163

Walmart, 60, 189, 233

Walsh, Bill, 119, 200, 209

Walters, Barbara, 217–18

Walton, Sam, 60

Wanniski, Jude, xviii–xix, 155, 244, 248

War and Peace (Tolstoy), 167

Warner, Kurt, 130–31

Washington Post, 87

Washington Redskins, 87

Watergate scandal, the, 202

Way the World Works, The, xix, 155

Wealth and Poverty (Gilder), xviii–xix, 203

wealth inequality, 53–67

      as a good sign, 59, 64

      and reduction of lifestyle inequality, 59–61

Wealth of Nations, The (Smith), 3, 69, 176, 211

Wells Fargo, 212

Western Kentucky University (Hilltoppers), 102, 104

West Germany, 225

WhatsApp, 131, 239

When Money Dies (Fergusson), 199, 214

Where Did I Go Right? (Brillstein), 56

Whiskey A Go Go, 3

Wieden+Kennedy, 151

Wilde, Oscar, 217

Williams, Ricky, 70

Williams, Robin, 138

Williamson, Kevin, 29–30

Wilson, Russell, 65

Winners, The (Dunne), 55

Woods, Tiger, 34

Woodson, Charles, 101–2

World War I, 158, 214

World War II, 225, 238–39

world wars, the, xi, xv

Wozniak, Steve, 148

Wynn, the, 80

Y

Yamani, Sheik, 159

Yellen, Janet, xii, 71–72, 76

Young, Steve, 200, 209

Young, Vince, 70–72, 75, 202

Z

Zanuck, Dick, 14

Zimbabwe, 28

Zuckerberg, Mark, 66, 131

Zuckerman, Gregory, 103, 212