Author Archives: Galileo Blogs

Objectivist, Investment Manager, New Yorker, cat lover

The One Minute Case for Bankruptcy

What is bankruptcy? Bankruptcy is a financial state that occurs when a person or business can no longer repay its debts. In the legal sense, bankruptcy begins when a court recognizes that the financial state of bankruptcy exists. The bankruptcy court takes charge of the bankrupt entity and disposes of its assets or reorganizes it …

March 13, 2009 – 6:11 pm | By Galileo Blogs | Posted in Current Events, Economics, Politics | Tagged | Comments (3)

The One Minute Case for Stock Shorting

What is stock shorting? Stock shorting is a method of profiting from a decline in a stock’s price. It is the opposite of investing long, where the investor profits from a rise in the stock’s price. “Going long” or hoping for a gain in the stock’s price is the more familiar method of investing. However, …

December 5, 2007 – 6:20 pm | By Galileo Blogs | Posted in Economics | Tagged , | Comments (10)

The One Minute Case For Unrestrained Profit

Profit is the engine of production Restraining profit by taxing it or limiting it has the effect of limiting production. Restraining profit means an economy will produce fewer goods, of less variety, and at higher price. Innovation suffers. As a result, to the extent profits are restrained, all consumers suffer. Profit drives production in several …

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May 20, 2007 – 1:57 am | By Galileo Blogs | Posted in Economics | Tagged , , | Comments (1)

The One Minute Case Against Antitrust

Antitrust punishes the best companies The list of antitrust targets reads like a Who’s Who of American business success stories. Standard Oil Company, Alcoa Aluminum Company, IBM, and Microsoft, are just a few. These companies were pioneers in developing new and beneficial products. Who doesn’t benefit from cheaper gasoline using methods pioneered by Rockefeller, the …

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May 17, 2007 – 1:51 am | By Galileo Blogs | Posted in Economics, Politics | Tagged , | Comments (6)