Backlighting Posted February 15, 2011 Share Posted February 15, 2011 http://abcnews.go.com/Entertainment/atlas-shrugged-trailer-ayn-rand-adaptation-released/story?id=12902222 Link to comment Share on other sites More sharing options...
BaalChatzaf Posted February 15, 2011 Share Posted February 15, 2011 http://abcnews.go.co...ory?id=12902222It wasn't the theory, it was the practice. Where have I heard that before?Ba'al Chatzaf Link to comment Share on other sites More sharing options...
Brant Gaede Posted February 15, 2011 Share Posted February 15, 2011 Alan Greenspan is the Francisco D'Anconia of Objectivism. He didn't destroy the economy by destroying his copper mines, he destroyed the economy by being Chairman of the Federal Reserve.--Brantthe rest is just inertia Link to comment Share on other sites More sharing options...
9thdoctor Posted February 15, 2011 Share Posted February 15, 2011 Greenspan didn't mention Ayn Rand, the interviewer did. Greenspan just stuck to his talking points. Link to comment Share on other sites More sharing options...
studiodekadent Posted February 15, 2011 Share Posted February 15, 2011 It wasn't the theory, it was the practice. Where have I heard that before?I don't think that's an entirely fair summary of what Greenspan said.Greenspan's argument was that the GFC was exacerbated by a completely false theoretical understanding of "risk."I wouldn't have used that argument. I'd have pointed to the fact that the financial industry is heavily regulated, intervened in etc. etc. Of course, if we pointed to the elephant in the room (THE FED), Greenspan would look much more guilty than he already looks. So I think Greenspan was partly trying to deflect blame.Otherwise, I think its good Greenspan actually denied the allegation that Rand's ideas are to blame for the GFC. Link to comment Share on other sites More sharing options...
BaalChatzaf Posted February 15, 2011 Share Posted February 15, 2011 Alan Greenspan is the Francisco D'Anconia of Objectivism. He didn't destroy the economy by destroying his copper mines, he destroyed the economy by being Chairman of the Federal Reserve.--Brantthe rest is just inertiaSo where was his "Brother, you asked for it" sign?Ba'al Chatzaf Link to comment Share on other sites More sharing options...
Brant Gaede Posted February 16, 2011 Share Posted February 16, 2011 (edited) Alan Greenspan is the Francisco D'Anconia of Objectivism. He didn't destroy the economy by destroying his copper mines, he destroyed the economy by being Chairman of the Federal Reserve.--Brantthe rest is just inertiaSo where was his "Brother, you asked for it" sign?Ba'al Chatzaf Good question!--Brantdon't know Edited February 16, 2011 by Brant Gaede Link to comment Share on other sites More sharing options...
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