Ayn Rand On Israel And Greenspan
Given that both Dems and Republicans are now accusing each other of extremism, I wonder how Ayn Rand would be viewed by today’s left, or right?
Ayn Rand Interview with Phillip John “Phil” Donahue in 1979
The relationship between Ayn Rand and Alan Greenspan
Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006
Greenspan was initially a logical positivist, but was later converted to Rand’s philosophy of Objectivism by her associate Nathaniel Branden.
Greenspan became one of the members of Rand’s inner circle, the Ayn Rand Collective, who read Atlas Shrugged while it was being written.
During the 1950s and 1960s Greenspan was a proponent of Objectivism, writing articles for Objectivist newsletters and contributing several essays for Rand’s 1966 book Capitalism: the Unknown Ideal.
Rand stood beside him at his 1974 swearing-in as Chair of the Council of Economic Advisers and they remained friends until her death in 1982.
At a congressional hearing on October 23, 2008 Greenspan admitted that his free-market ideology shunning certain regulations was flawed.
However, when asked about free markets and Rand’s ideas in an interview on April 4, 2010, Greenspan clarified his stance on laissez faire capitalism and asserted that in a democratic society there could be no better alternative.
He stated that the errors that were made stemmed not from the principle, but the application of competitive markets in “assuming what the nature of risks would be”.
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