How Three Women Sought to Sway Americans Away From Socialism

In 1943, as collectivist policies were ascendant, an extraordinary thing happened. Three women published three books that year that would jolt Americans from their socialist stupor and remind them of the fundamental American values of individual liberty, limited government, free-market capitalism, and entrepreneurship. This Women’s History Month is an ideal time to reflect on how Rose Wilder Lane, Isabel Paterson, and Ayn Rand helped to catalyze the 20th century libertarian movement.

Arbitrage and Shorting Stocks

When you buy a stock, it is a good price as far as most people are concerned. Maybe the stock will go down or maybe it will go up, but given the information people have today, it is priced highly accurately to what people think it should be priced. This phenomenon is not true with most other assets.