NYC Junto Newsletter – October, 2014

October 24, 2014

NYC Junto Newsletter
written by Iris Bell on October 24, 2014
* Junto meeting Thursday, November 6, 2014
* NEW  Junto speakers through November 2015
* NEW  "The Can Opener" a brief musical play, Oct. 24-26 
* NEW  NYC Ayn Rand Meetup, Sun., Oct. 26, 3:00pm
* NEW  Gold Standard: Good & necessary, Sat., Nov. 1 
* NEW  "Cronyism, Corruption & Government" Wed., Nov. 12 
* NEW  Liberty Forum & Freedom Dinner, Nov. 12-13
* NEW  Great Connections Seminars at Students for Liberty
* NEW  Adam Smith Inst., Ayn Rand lecture,  Nov. 3, London
* NEW  Uber Shocks the Regulators
* NEW  "Tyranny of Silence" Thur., Nov. 13, noon  
* NEW  The Virtue of Liberty: A response to Yuval Levin
* NEW  Thomas Sowell on "greed"
* NEW  Moral case for capitalism, by Don Watkins
* NEW  Three cheers for "creative monopolies"
* NEW  Items of interest: * NYC building, China, videos 
* NEW  Five things the right can learn from Ayn Rand
* NEW  Daniel Hannan speaks on "Inventing Freedom"
* NEW  "Ayn Rand: The Russian radical" by Chris Sciabarra
* Free market and Objectivist local meetings, sites and podcasts
* Fred Cookinham's five Ayn Rand walking tours
* Read and post to Junto sites
* About Junto and this Junto newsletter

Junto focuses on free markets, Objectivism and investing.
It's a group that shares information, discusses current issues
and presents speakers

Thursday, November 6
Bryan Caplan "Is college worth it?" 

Admission free -- no reservation necessary
* We'll socialize from 7:00pm to 7:30pm
* 7:30pm moderator, Gene Epstein calls first for announcements
    of things happening before the next Junto. Then he asks for
    other announcements and for people introducing themselves.
* The speaker begins promptly at 8:00pm.
* Most speakers will present their thoughts in several sections.
    Each section will have audience questions, discussions and
    rebuttal of the speaker's points.
* Discussions are intense but polite.
* The meeting will continue to 10:00pm or later.

General Society Library
20 West 44 Street, between 5th and 6th Avenues, NYC
near the Grand Central Terminal

* Junto meets on the first Thursday of every month
* Participation by all attendees is highly encouraged.
* 70 to 150 people attend most Juntos.

Bryan Caplan "Is college worth it?" He's professor of 
economics at George Mason University and senior scholar 
at the Mercatus Center.
    He's the author of "The Myth of the Rational Voter: Why
Democracies Choose Bad Policies," named "the best political 
book of the year" by the New York Times, and "Selfish 
Reasons to Have More Kids: Why being a great parent 
is less work and more fun than you think."
    He's published in NY Times, Washington Post, Wall Street 
Journal, American Economic Review, Economic Journal, 
Journal of Law and Economics, and Intelligence.
    He's appeared on 20/20, FoxNews and C-SPAN. He's now 
working on a new book," The Case Against Education."
    His webpage features both his academic research and his
numerous other interests, including the online Museum of
    He blogs on EconLog along with David Henderson at:

* Junto's audio podcasts since May 2014:
    Hear last month's Junto, Peter Schuck:
* The Junto Forum, read and post:
* Visit Junto's site for information on current and past speakers,
    to listen to podcasts of previous Juntos, to read previous 
    newsletters and to sign up for the Junto e-newsletter:
* Visit Junto on Facebook:
* Follow Junto on Twitter:
Junto's founder and host is Victor Niederhoffer.
    Visit his site:
Feel free to use the above text to promote Junto among
free marketers, Objectivists and investors.

Come to Junto, meet these upcoming speakers:

December 4    Donald J. Boudreaux "Half-Wits and Hypocrites:
2013-2014" He's senior fellow Mercatus Center, and professor
economics George Mason University chair, study of 
free market capitalism, Mercatus Center. He blogs daily 
at: Watch him on Stossel talking 
to students about economics:

January 1, 2015    CHANGE OF SPEAKER
Andrew Bernstein    "Introduction to Objectivism" based on 
his book "Objectivism in One Lesson: An Introduction to the 
Philosophy of Ayn Rand" He's a philosopher, novelist and 
radical for laissez-faire capitaliam.
    Stephen Harne, previously scheduled, has been postponed.

February 5, 2015    Benjamin W. Powell, on his book "Out of
Poverty: Sweatshops in the global economy" Free Market 
Institute director at the Texas Tech University, senior fellow 
Independent Institute, libertarian think tank.
the celebration of Ayn Rand's 110th birthday.

March 5, 2015    Nina Teicholz and John Mackey will DEBATE:
"An animal foods/low-carb centered diet is unhealthy 
compared with a 90+% plant-based diet that 
excludes sugar and refined grain products."
    Teicholz takes the negative & Mackey takes the affirmative.
Teicholz is the author of "The Big Fat Surprise: Why butter, 
meat & cheese belong in a healthy diet." Investigative journalist 
who's reported for National Public Radio.
    Mackey's working on a book about healthy diet. He spoke 
at Junto in June 2013. He's co-CEO of Whole Foods Market. 
His stores often have Dr. Fuhrman's Nutrient Density numbers 
on items on the salad bar. Fuhrman says 90% of the daily diet 
should be nutrient rich plant foods:  
Whole Food Market's healthy eating:

April 2, 2015    Jason Riley, Wall Street Journal editorial board 
member, on his book "Please Stop Helping Us: How liberals 
make it harder for blacks to succeed" Gene Epstein's review 
in Barron's: 

May 7, 2015    Casey Mulligan on his book "Side Effects: The 
economic consequences of Obamacare" University of Chicago 
economist, his blog is "Supply and Demand (in that order)":

June 4, 2015    Janine Wedel on her book "Unaccountable: How
elite power brokers corrupt our finances, freedom, and security"
professor in the School of Policy, Government and International 
Affairs at George Mason University.

July, Aug., Sept., Oct. 2015 speakers to be announced

Nov. 5, 2015    Richard A. Epstein spoke at Junto Sept. 2011
and April 1997. Law professor NY University, adjunct scholar 
Cato, senior fellow Hoover Institution, senior lecturer University 
Chicago Law School. Legal Affairs poll: one of the 20 most 
influential legal thinkers. His tweets:

"The Can Opener" a brief musical play by M. Zachary Johnson
    Fri., Oct. 24, 7pm * Sat. Oct. 25 7pm * Sun, Oct. 26 3:00pm
Players Theater Short Play & Musical Festival, 115 MacDougal St.
    Dr. Seuss meets zombies as young Bobbi learns to open her 
mind at Glenbrook College.
   He's often at Junto and wrote The Boston Tea Party Opera.
Order tickets:

NYC Ayn Rand Meetup, Sunday, Oct. 26, 3:00pm
    As always, we'll talk about Ayn Rand, her works, challenges,
Objectivist life, options, associations and knowledge.
    Give and take, open to all, no charge, no reservations.
It's on the last Sunday of each month.
    It's at The Midtown Restaurant, 155 East 55 Street, between
3rd and Lexington Avenues, mid-block on the north side
of 55th Street, in Manhattan, free.
    There are usually about two dozen people at each Meetup.
Benny Pollack, Ayn Rand Meetup organizer, says: "Join our
group of regular Objectivists for a lively discussion on topics
related to Ayn Rand and Objectivist philosophy in general.
    "Please join us. If you are already versed in the topic, want
to learn or just want to spend an intellectually stimulating
afternoon, please come. I hope to see you all there."
    Get up-to-date info:

Gold Standard: Both good & necessary, Sat., Nov. 1, 1 to 5pm 
    The Gold Standard Institute presents ideas you won't get 
anywhere else. The gold standard is the monetary system of 
the free market -- of capitalism. Advocates of the gold standard
should make the clear connection from gold to freedom, and 
from freedom to self-interest. Advocates of freedom should 
understand the destruction wrought by the dollar, and it's not 
simply rising prices.
    "The Moral Basis of Capitalism" by Andrew Bernstein. 
He'll  speak at Junto on Jan. 1, 2015.
    "The Urgency of the Gold Standard" by Keith Weiner
The emcee Robert Begley writes for The Objective Standard 
and was a recent Junto speaker.
   The 3 West Club, 3 West 51 Street, off 5th Avenue
$50, students $25, at the door $75
More information and tickets:

"Cronyism, Corruption & Government Power" Wed., Nov. 12 
    Talk by Steve Simpson, director of legal studies, 
Ayn Rand Institute 
    "Cronyism," a new rallying cry in all political quarters, is 
now being offered as a reason not only to restrict free speech 
but to impose "income equality" on the grounds that the rich 
obtain their wealth only through gaming the system. 
    Is there any truth to the claims that our government is 
corrupt and cronyism rampant? The answer is yes, but not 
in the way that proponents of more government power claim. 
    This talk will explore the true nature of government 
corruption and cronyism, how it manifests itself in various
ways, its consequences and what to do about it.
    His background at Institute of Justice:
This is the third of 10 months of NYC lectures. Each is 
on the second Wednesday of the month, at the same location. 
These "ARI on Tour" [Ayn Rand Institute] speakers also give 
their talks in Chicago, Irvine, CA and Palo Alto/San Francisco.
    They apply Rand's views of individualism and capitalism 
to the cultural and political issues of our time. 
    If you're new to Rand's ideas or familiar with them, learn
how her ideas apply to important issues of our time. This is 
your chance to ask questions and engage the speakers.
   Students free, general audience $10
7:00pm reception, 7:30pm lecture, 8:15pm Q&A
light refreshment served
CUNY, 365 Fifth Ave., off 34th Street
    Pay online or at the door. Cash or credit card.
Reserve by phone: 949-222-6550 ext. 204
Sign up at:

Liberty Forum & Freedom Dinner, Berlin Wall fell 25 years ago
    The Atlas Network presents: Wed.-Thu., Nov. 12-13, 
Liberty Forum at InterContinental Times Square Hotel
    Thu., Nov. 13, Freedom Dinner at Capitale
Keynote by Garry Kasparov – chess champion
Liggio Lecture by John Tomasi -- professor at Brown University
$100,000 Templeton Freedom Award announcement
    Among hosts: Herbert London, Deroy Murdock, John Fund, 
Andrea and Howard Rich and Smith Family Foundation.
    More information and tickets:

Great Connections Seminars at Students for Liberty Fall Conf.
    by Marsha Familaro Enright, free for 15 students in each city
Learn more and sign up: 
* New Orleans, Sat., Oct. 25, 
    Tulane University:
* Gainesville, Sat., Oct. 25, 
    University of Florida-Gainesville:
* North Carolina, Sat., Nov. 1, '
    Salem College:
* Chicago, Sat., Nov. 8, 
    Loyola University Chicago Campus:

Adam Smith Inst., Ayn Rand lecture,  Nov. 3, in London, U.K. 
    "Atlas Is Shrugging: Why we must act now to defend 
free enterprise" by David Sokol, CEO of Teton Capital. This is 
third annual Ayn Rand lecture, last year's was by John Allison.
    The American free enterprise system was not an experiment 
or an accident of history, but a philosophical recognition by the 
Founding Fathers of the importance of providing individuals
with the freedom to pursue their self interest. 
    Sokol explains the continued importance of the message 
of "Atlas Shrugged." It's predictive of the future if we fail to act
soon. More about the lecture and to attend:

Uber Shocks the Regulators: 
    Digital technology has undermined the old idea that taxis 
    need close government supervision     by L. Gordon Crovitz
Maybe going on strike wasn't the best way for London taxi 
drivers to protest Uber, the Internet-based car service invading 
from Silicon Valley. When riders couldn't get cabs last week, 
the number signing up for Uber soared to more than eight 
times the normal rate. Read the rest at:

"Tyranny of Silence" Cato book event, Thur., Nov. 13, noon  
    Author Flemming Rose, foreign editor Danish newspaper 
Jyllands-Posten. Moderated by John Samples vice president 
and publisher, Cato Institute in DC. Luncheon to follow
    Rose published the cartoons of the prophet Mohammed nine 
years ago. Denmark found itself at the center of a global battle 
about the freedom of speech. He defended the decision to print 
the 12 drawings, taking up political liberalism at a difficult time. 
    He defends freedom of speech as essential to a world that's
increasingly multicultural, multireligious and multiethnic. 
    Info:    Watch live:

The Virtue of Liberty: A response to Yuval Levin
    by Robert Tracinski influential essay by Yuval Levin...starts by urging the 
right to backpedal away from "radical individualism."
    ...why you would want to be on the political right unless you 
are out to defend the individual against the state, so it would 
seem that individualism is central to the cause. Why is Levin 
arguing against it?... For the answer:

Thomas Sowell on "greed"
    Among the many other questions raised by the nebulous
concept of "greed" is why it is a term applied almost exclusively 
to those who want to earn more money or to keep what they 
have already earned -- never to those wanting to take other 
people's money in taxes or to those wishing to live on the 
largess dispensed from such taxation. No amount of taxation 
is ever described by the anointed as "greed" on the part of 
government or the clientele of government....

A moral case for capitalism, by Don Watkins
    When [I began co-writing] "Free Market Revolution"...Ayn 
Rand's moral defense of capitalism, the idea that capitalism 
needed a moral defense was virtually unheard of. a [recent] contest for who could make the best moral 
case for free markets [they] summed up the view this way...
"We often talk about winning the war of ideas. But this isn't 
a war of ideas: it's a war of emotions."
    On this view, a "moral case" is virtually synonymous with 
an emotional case. The right has failed because it has focused 
on facts rather than emotions, while the left has done the 
opposite and won debate after debate....
    The actual purpose of a moral defense of capitalism is to bring 
that issue to the surface and explain why individualism is right 
and collectivism is wrong.... Read the rest at:

Three cheers for "creative monopolies"
    All innovators have temporary market dominance. 
    Peter Thiel knows this; so does Antonin Scalia. Too bad 
    most lawyers and economists don't.    by L. Gordon Crovitz
[Thiel says:] "All happy companies are different: Each 
one earns a monopoly by solving a unique problem. All failed 
companies are the same: they failed to escape competition."
Example: Google, with its unique search advertising, is worth 
three times as much as all U.S. airlines combined.
    Many reviewers are shocked by Mr. Thiel's embrace of 
monopolies, but he is careful to defend only what he calls a 
"creative monopoly" -- one that is "so good at what it does that 
no other firm can offer a close substitute." In contrast with 
"illegal bullies or government favorites," he observes, "creative 
monopolies give customers more choices by adding entirely new 
categories of abundance to the world." The rest:

Items of interest
* NYC rental building named after Nathaniel Taggart in 
    "Atlas Shrugged." Scroll down to see his "personal collection:"
* "Mitch McConnell's China Syndrome" op-ed by Curtis Ellis 
    and Chinese dissident Harry Wu:
* Watch free: Any or all 29 videos from 2014 Atlas Society 
    summer Summit, such as "Why John Galt is an inventor"

Five things the right can learn from Ayn Rand:
    Conservatives could stand to take Rand's ideas more seriously 
    by Robert Tracinski
...[they're] wrong to criticize Ayn Rand for "materialism" and the 
"reduction of the human being's value to economic productivity." 
I would refer him particularly to "The Fountainhead," where most 
of the good guys aren't businessmen but artists and intellectuals, 
and where the hero spends a good portion of the story enduring 
poverty in order to maintain the integrity of his artistic vision. 
That doesn't fit any definition of "materialism" that I know of....
    She didn't just champion the work of captains of industry or 
visionary architects. As one of her characters sums it up: "There's 
no such thing as a lousy job -- only lousy men who don't care to 
do it." (It should go without saying that she would have loved 
Mike Rowe's "Dirty Jobs.")... Read it all at:

Daniel Hannan speaks about his book: "Inventing Freedom: 
    How the English-speaking peoples made the modern world"
In this talk he tells how the historical origin and spread of the 
principles have made America great, and their role in creating 
a sphere of economic and political liberty that's as crucial as 
it is imperiled.
    The ideas and institutions we consider essential to 
maintaining and preserving our freedoms -- individual 
rights, private property, the rule of law and the institutions 
of representative government -- are the legacy of a very 
specific tradition which was born in England and which we 
Americans, along with other former British colonies, inherited.
    He's a British Conservative Party member of the European 
Parliament. His blog:
    Watch this positive talk:

"Ayn Rand: The Russian radical" by Chris Matthew Sciabarra
    In this second edition of Chris's 1995 book he traces the 
intellectual roots of 20th-century Russian-American novelist 
and philosopher Ayn Rand, plus her philosophy Objectivism.
    Lester H. Hunt in Liberty, " excellent synthesis of the 
Objectivist literature, both the works of Rand and those of her 
immediate successors. Sciabarra's mastery of enormous amounts 
of material is almost literally incredible. He also manages to 
break entirely new ground on several different issues." 
    In the nearly 20 years since his first edition there's been an 
explosive increase in Rand sightings in books on philosophy, 
politics and culture; in film and literature; and in contemporary 
American politics, from the rise of the Tea Party to recent 
presidential campaigns. Chris has continued to work reclaiming 
the dialectical method in the service of radical libertarian politics.
    This edition's two new chapters document Rand's education 
at Petrograd State University. A new preface has the context 
of Chris's own research and the recent interest in Rand's beliefs. 
A postscript answers a critic of Sciabarra's historical work. 
    Iris says: I've read parts of this book and beside his graceful 
writing, it's nice to sense how much he's enjoying writing. 
(That's a problem with some other Rand scholars.)      
    Paperback. Kindle only $9.99:

Free market and Objectivist local meetings, sites and podcasts

*** Groups which meet in Manhattan ***
Ayn Rand Institute on Tour --
Ayn Rand NY Tours --
Gotham Tea Party --
Manhattan Libertarian Party --
NYC Ayn Rand Meetup --
NYC Junto --    
NY Objectivists/NY Heroes --

*** Sites to visit ***
Aristos: An Online Review of the Arts --
"Atlas" in your life --
Ayn Rand Institute --
Ayn Rand Lexicon --
Center for Industrial Progress --
Cato Institute --
education blog --
Forum for Ayn Rand fans --
Institute for Justice --
Liberty Magazine --
Ludwig Von Mises Institute --
News Sandwich from Amy Peikoff --
Objectivism Online --
Powell History --
Powell history courses --
Real Clear Politics --
Rebirth of Reason --
Sense of Life Objectivists --
The Atlasphere --
The Atlas Society --
The College of the United States --
The Objective Standard --
The Objective Standard's Blog --
The Tracinski Letter --
Tracinski at The Federalist

*** Internet podcasts, all free ***
These are mainly weekly "radio" shows you can hear online.
    Listen to shows live or at any time. Some are on iTunes.
If you're listening live, join by commenting or asking questions
by phone, email, in a chat room, tweeting, etc. 

* "Philosophy in action" Diana Heish answer questions from
listeners, applying rational principles to challenges of real life.
    Live Sun. Q&As: 11:00am eastern time
    Live Thur. Interviews: 9:00pm eastern time

* "Don't let it go unheard" Amy Peikoff's discussion
of news and politics from the perspective of Ayn Rand's
philosophy Objectivism.
    Bosch Fawstin, illusWriter is usually on the show. Visit his
site to see his clever and dramatic work:
    Robert Begley, a Junto regular, often calls in live.
    Live Fri. 11:00pm to 1:00am eastern time

* "The Peikoff podcasts"
Alternate weeks have Leonard Peikoff, philosopher, 
Ayn Rand's intellectual heir
Yaron Brook, president Ayn Rand Institute.
    Leonard answers questions about Ayn Rand's philosophy
Objectivism. He focuses on human relationships, career, moral
issues -- not technical philosophy or practical politics.
    Yaron answers questions on politics, economics, foreign policy.
Podcasts available by topic, single questions or full episodes:

Fred Cookinham's five Ayn Rand walking tours
* "Atlas Shrugged"    * Ayn Rand's Park Ave.
* Ayn Rand Fifth Ave.    * Ayn Rand on Broadway 
* Skyscrapers of ''The Fountainhead''
Scheduled tours $20, and over age 65 $15.    Private tours $30.
    To arrange for your private tour or for more information, 
call Fred at home: 718-397-9019 or on his cell: 917-607-9019 
or email him: fcookinham [at]
    Fred's tours get better because he never stops researching.
''What I have learned from a lifetime of studying Ayn Rand."
    He's often at Junto and Ayn Rand Meetups. He gave his
''Ayn Rand and Free Market Tour'' for Mont Pelerin Society.

Read and post to Junto sites
* Read and post to the Forum on the Junto site:
* Read and post to Junto-discuss list:
Junto members can discuss Junto speakers and other topics.
You can read these posts at:
To post to this list you need to be a member of it. 
Become a member at: or send email:

About Junto and this Junto newsletter
* Gene Epstein moderates Junto. He's the economics editor
    and books editor of Barron's, the weekly business magazine,
    author of ''Econospinning: How to read between the lines
    when the media manipulate the numbers''
* Iris Bell writes this e-newsletter, designs the Junto handouts
    and is a freelance graphic designer. She was Ayn Rand's
    and the Nathaniel Branden Institute's graphic designer.
* Oleg Atbashian created He also sends out
    this e-newsletter, cares for its email list and moderates His own famous site discusses
    important issues with humor:
* Our founder and host is Victor Niederhoffer. Dedicated to the
    scientific method, free markets, deflating ballyhoo, creating
    value and laughter; a forum for us to use our meager abilities
    to make the world of specinvestments a better place.
    Visit his site at:
* This e-newsletter comes out twice a month. You might
    get an occasional extra email about a timely event.
* To subscribe to this newsletter put "Junto list" in the
    subject line, email your name & preferred email address to:

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