Tag Archives: robber barons

Quote of the Day – When Government Tries to “Save” Us From “Greedy” Businessmen

I am reading, among other things, “The Myth of the Robber Barons,” which is a fascinating book about  19th and early 20th century big business.  This particular quote deals with the government’s decision to build its own munitions factories so they would no longer “be at the mercy of identical bids from the “greedy and hoggish” steel companies.”

The identical bids were the result of the government’s policy of, after seeking bids from the three companies read more

Quote of the Day – Tariffs Do Not Help Domestic Industry

As I write this, I have actually finished reading “The Myth of the Robber Barons” but I have a lot of quotes built up that I think deserve to be shared.

When I read this quote, I could not help but think of the recent tariffs imposed on Chinese made solar panels.  This was done supposedly to help protect domestic solar panel producers against “dumping” done by Chinese companies that receive a large amount of support from their government.

First the quote:

One of the traditional read more

Quote of the Day – History Repeats Itself

Today’s quote comes from a talk by Ayn Rand, I believe from the 1960’s, about the so-called Robber Barons of the 19th century, and how they were actually the greatest benefactors of the United States, contrary to what popular history tells us.  About 5 minutes into the recording, which you can find here, she made a statement that jumped out at me enough to go over it repeatedly to write it down.  The groups she is referring to are the Central Pacific and Union Pacific railroads.

In read more