Comments on: Health-care reform and the mixed economy http://blog.aynrandcenter.org/health-care-reform-and-the-mixed-economy/ Mon, 24 Oct 2011 16:44:58 +0000 hourly 1 By: noah http://blog.aynrandcenter.org/health-care-reform-and-the-mixed-economy/comment-page-1/#comment-2634 noah Thu, 18 Feb 2010 18:08:54 +0000 http://blog.aynrandcenter.org/?p=5201#comment-2634 market economy this, market economy that, USA sucks crap jk market economy this, market economy that, USA sucks crap jk

]]> By: noah http://blog.aynrandcenter.org/health-care-reform-and-the-mixed-economy/comment-page-1/#comment-2633 noah Thu, 18 Feb 2010 18:06:33 +0000 http://blog.aynrandcenter.org/?p=5201#comment-2633 market economy this, market economy that, USA sucks crap market economy this, market economy that, USA sucks crap

]]> By: Norris Hall http://blog.aynrandcenter.org/health-care-reform-and-the-mixed-economy/comment-page-1/#comment-2327 Norris Hall Thu, 31 Dec 2009 09:04:37 +0000 http://blog.aynrandcenter.org/?p=5201#comment-2327 I'm amazed that anyone is still quoting the now discredited Ayn Rand who believed that free markets operate best by eliminating regulation Alan Greenspan followed her flawed philosophy until the economic meltdown in 2008...at which point he admitted to Congress that "Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak." In the early 1950s, Greenspan began an association with famed novelist and philosopher Ayn Rand that would last until her death in 1982. He wrote for Rand’s newsletters and authored several essays in her book Capitalism: The Unknown Ideal. Rand stood beside him at his 1974 swearing-in as Chair of the Council of Economic Advisers. Unfortunately Ayn Rand's philosophy, like ponzi schemes, seem to work well for a time...then all of a sudden lead to disaster as it did 10 years ago with the failure of Long-Term Capital Management, which relied on mathematical models to govern a tangled web of derivatives trades, collapsed. The New York Fed engineered a bailout, supported by 14 private banks who invested $3.6 billion. Fortunately disaster was avoided back then when several banks got together and bailed out the fund to the tune of a few billion dollars. Compared to the hundreds of billions of taxpayer dollars that have gone to bail out failing banks during this crisis...the call for more regulation back then should have been heeded. Even now, after the financial debacle that brought banks to their knees and required taxpayer bailouts to keep them afloat, the banking lobby is still pushing back against regulation. LIke an alcoholic promising to be given another chance to reform himself, the bankers still believe that they can regulate themselves and be trusted once again to do the right thing Bull!!!!!! I’m amazed that anyone is still quoting the now discredited Ayn Rand who believed that free markets operate best by eliminating regulation

Alan Greenspan followed her flawed philosophy until the economic meltdown in 2008…at which point he admitted to Congress that “Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.”
In the early 1950s, Greenspan began an association with famed novelist and philosopher Ayn Rand that would last until her death in 1982. He wrote for Rand’s newsletters and authored several essays in her book Capitalism: The Unknown Ideal. Rand stood beside him at his 1974 swearing-in as Chair of the Council of Economic Advisers.

Unfortunately Ayn Rand’s philosophy, like ponzi schemes, seem to work well for a time…then all of a sudden lead to disaster as it did 10 years ago with the failure of Long-Term Capital Management, which relied on mathematical models to govern a tangled web of derivatives trades, collapsed. The New York Fed engineered a bailout, supported by 14 private banks who invested $3.6 billion.

Fortunately disaster was avoided back then when several banks got together and bailed out the fund to the tune of a few billion dollars.

Compared to the hundreds of billions of taxpayer dollars that have gone to bail out failing banks during this crisis…the call for more regulation back then should have been heeded.

Even now, after the financial debacle that brought banks to their knees and required taxpayer bailouts to keep them afloat, the banking lobby is still pushing back against regulation.

LIke an alcoholic promising to be given another chance to reform himself, the bankers still believe that they can regulate themselves and be trusted once again to do the right thing

Bull!!!!!!

]]> By: Clay Barham http://blog.aynrandcenter.org/health-care-reform-and-the-mixed-economy/comment-page-1/#comment-2323 Clay Barham Wed, 30 Dec 2009 18:10:33 +0000 http://blog.aynrandcenter.org/?p=5201#comment-2323 SELF INTEREST OR SELF-CENTERED This is directed at those who admire and criticize Ayn Rand’s beliefs about people who stand on their own feet. Most who criticize Rand say she promoted selfishness, thereby greed, which is self-centered and anti-individual creativity, therefore, anti-Rand. Rand admired the creative individual, such as James Jerome Hill, on whom she was reputed to have based her character Nathaniel Taggart in Atlas Shrugged. If we look at Howard Roark’s summation to the jury, from Fountainhead, we do not see a self-centered individual destroying his work. Were he greedy, he would have simply accepted his payment. We see a self-interested, other- and outer-centered individual in love with his own dreams and creations, as one would love a spouse, child or family and refuse to allow them to be assaulted. Though love for anything spiritual may be missing, a great idea or vision also measures up to that which is spiritual, beyond self, and that view is not that inconsistent with Christianity. Claysamerica.com. SELF INTEREST OR SELF-CENTERED
This is directed at those who admire and criticize Ayn Rand’s beliefs about people who stand on their own feet. Most who criticize Rand say she promoted selfishness, thereby greed, which is self-centered and anti-individual creativity, therefore, anti-Rand. Rand admired the creative individual, such as James Jerome Hill, on whom she was reputed to have based her character Nathaniel Taggart in Atlas Shrugged. If we look at Howard Roark’s summation to the jury, from Fountainhead, we do not see a self-centered individual destroying his work. Were he greedy, he would have simply accepted his payment. We see a self-interested, other- and outer-centered individual in love with his own dreams and creations, as one would love a spouse, child or family and refuse to allow them to be assaulted. Though love for anything spiritual may be missing, a great idea or vision also measures up to that which is spiritual, beyond self, and that view is not that inconsistent with Christianity. Claysamerica.com.

]]> By: brad harper : living first hand » SocialMed Reads http://blog.aynrandcenter.org/health-care-reform-and-the-mixed-economy/comment-page-1/#comment-2321 brad harper : living first hand » SocialMed Reads Wed, 30 Dec 2009 13:40:08 +0000 http://blog.aynrandcenter.org/?p=5201#comment-2321 [...] Health-care reform and the mixed economy [...] [...] Health-care reform and the mixed economy [...]

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