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IN PURSUIT OF WEALTH: THE MORAL CASE FOR FINANCE Table of Contents Introduction PART 1: HOW FINANCE HELPS US FLOURISH The Moral Case for Finance The Morality of Moneylending: A Short History Finance Isn’t Free and Never Really Was The Dubious Origins and Purpose of Central Banking Steve Jobs, Bernie Madoff, and Wall Street Greed PART 2: THE “INEQUALITY” ATTACK ON FINANCE Turning the Tables on the Inequality Alarmists Luck Is Overrated The Trouble with “Rent Seeking” The Corrupt Critics of CEO Pay Some CEO Pay Ratios that Actually Matter PART 3: FINANCIAL CONTROVERSIES You Can Take My Index Fund When You Pry It Out of My Cold Dead Hand Insider Trading: The Rule of Unreason No, Taxpayers Are Not Subsidizing Banker Bonuses John Allison on How Dodd-Frank Is Smothering Small Business Lending EPILOGUE: AN INTERVIEW WITH YARON BROOK About the Contributors Acknowledgements About the Ayn Rand Institute To schedule an interview with Yaron Brook, contact: Sara Leopold | [email protected] | 917.860.9014

THE MORAL CASE FOR FINANCE - Ayn Rand Institute · PART 2: THE “INEQUALITY” ATTACK ON FINANCE Turning the Tables on the Inequality Alarmists Luck Is Overrated The Trouble with

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Page 1: THE MORAL CASE FOR FINANCE - Ayn Rand Institute · PART 2: THE “INEQUALITY” ATTACK ON FINANCE Turning the Tables on the Inequality Alarmists Luck Is Overrated The Trouble with

IN PURSUIT OF WEALTH: THE MORAL CASE FOR FINANCE

Table of ContentsIntroduction

PART 1: HOW FINANCE HELPS US FLOURISH The Moral Case for Finance The Morality of Moneylending: A Short History Finance Isn’t Free and Never Really Was The Dubious Origins and Purpose of Central Banking Steve Jobs, Bernie Madoff, and Wall Street Greed

PART 2: THE “INEQUALITY” ATTACK ON FINANCE Turning the Tables on the Inequality Alarmists Luck Is Overrated The Trouble with “Rent Seeking” The Corrupt Critics of CEO Pay Some CEO Pay Ratios that Actually Matter

PART 3: FINANCIAL CONTROVERSIES You Can Take My Index Fund When You Pry It

Out of My Cold Dead Hand Insider Trading: The Rule of Unreason No, Taxpayers Are Not Subsidizing Banker Bonuses

John Allison on How Dodd-Frank Is Smothering Small Business Lending

EPILOGUE: AN INTERVIEW WITH YARON BROOK

About the ContributorsAcknowledgementsAbout the Ayn Rand Institute

To schedule an interview with Yaron Brook, contact:Sara Leopold | [email protected] | 917.860.9014