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Index
Title Page Dedication ARE YOU A CAPITALIST PIG? TAKE THE QUIZ AND FIND OUT! Chapter One - CAPITALISM, PROFITS, AND ENTREPRENEURS
So what is capitalism, anyway? Laissez-faire versus regulation Free to starve? Mass production for the masses Central planning versus the “anarchy” of production We won the Cold War! Or did we?
Chapter Two - THE PRICE IS RIGHT (BY DEFINITION)
Prices are signals The big fuss over “Big Oil” Running out of gas . . . Rent control (or, How to destroy a neighborhood)
Chapter Three - LABOR PAINS
Baseball players make more than teachers! Where are our priorities? Even bad CEOs deserve the big bucks Child labor laws are unnecessary The minimum wage (or, How to create unemployment) Unions hurt the working man Give me a break!
Chapter Four - THE CASE AGAINST ANTI-DISCRIMINATION LAWS
The free market’s “racist fee” Discrimination is bad for business The “discriminating” customer Private property and the freedom of association There’s nothing “affirmative” about affirmative action So everything’s hunky-dory?
Chapter Five
Government protects slavery Slavery was declining before state interference Slavery: Immoral, yes, but also inefficient! The rising price of slaves If slavery is so inefficient, then why did it exist at all?
Chapter Six - HOW CAPITALISM WILL SAVE THE ENVIRONMENT
Rhinos versus cows Conservation for whom? We’ll cross that bridge when we get to it The ultimate bet: Ehrlich bombs Recycle? Or dump? The pollution of activist government
Chapter Seven - ENSURING SAFETY: THE MARKET OR BIG BROTHER?
There’s always a trade-off . . . Market safety The regulators: Third-party guarantors Is there a doctor in the house? Safety: Taking it to the streets Good intentions with deadly consequences
Chapter Eight - SETTLING DEBTS
Deficits don’t cause inflation Deficits crowd out private investment Raising taxes isn’t “responsible” Burdening our grandchildren? Reagan’s record Clinton’s budget
Chapter Nine - MONEY AND BANKING
Barter is barbarous Nobody invented money We’re from the government and we’re here to help Printing more money makes prices rise Banking basics “Wildcat” banking
Chapter Ten - GROWING PAINS
The business cycle: Courtesy of the government The “progressive” Herbert Hoover The New Deal didn’t fix the Depression Did World War II get us out of the Depression? The whole is not the sum of the parts A (government) penny spent is a penny earned
Chapter Eleven - BREAD AND CIRCUSES: POPULAR GOVERNMENT PROGRAMS
NASA: Needlessly dangerous Outer space: Too big for the private sector? Capitalists: Just out for a buck? LBJ’s war on taxpayers Sacrosanct Social Security
Chapter Twelve - RUNNING GOVERNMENT LIKE A BUSINESS
Profits versus bureaucracy Amtrak Going postal over poor service Public utilities Government in a jam
Chapter Thirteen - TRUSTING THE FEDS ON ANTITRUST
The myth of the robber barons The infamous case of Standard Oil The case against antitrust The case for Microsoft
Chapter Fourteen - TRADE WARS
Tariffs are taxes on Americans Protecting jobs? Classical wisdom Debunking the deficit The trade deficit: Follow the money
Chapter Fifteen - MAKING MONEY IN THE GLOBAL VILLAGE
Manufacturing a crisis Outsourcing destroys jobs? Outsourcing makes America richer The high-tech sector: Another phony crisis Capital export is a capital idea We’re from the world government and we’re here to help
Chapter Sixteen - THE INVESTOR CLASS: IN OTHER WORDS, YOU AND ME
Interest: Sooner is better than later The importance of middlemen The farsighted speculator Futures and other derivatives: To each according to his ability... Raiders of the lost corporation
A TWELVE-STEP PLAN FOR UNDERSTANDING THE FREE MARKET Acknowledgements NOTES INDEX Copyright Page
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