Monday, February 01, 2010

Alan Greenspan, Ayn Rand and the Libertarian God that Failed

GodSpy.com - Angelo Matera
I’d always wondered how a rigid anti-government libertarian ideologue like Greenspan—an Ayn Rand disciple, no less—managed to get appointed to the most powerful economic post in the world. If he had been running the Food and Drug Administration, he would have been exposed within a few months, as soon as the first deaths caused by lax food inspection started happening. But the byzantine complexities of global finance, and the fact that Ponzi Schemes can run for a long time before collapsing, meant Greenspan could reign for twenty years before the effects of his blindness would be seen in today’s financial meltdown...

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