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freshwest

(53,661 posts)
48. A Randian psycho from Nixon and Reagan's legacy like Alan Greenspan:
Sun Sep 15, 2013, 11:03 PM
Sep 2013
Alan Greenspan

In the early 1950s, Greenspan began an association with famed novelist and philosopher Ayn Rand.[44] Greenspan was introduced to Rand by his first wife, Joan Mitchell. Rand nicknamed Greenspan "the undertaker" because of his penchant for dark clothing and reserved demeanor. Although Greenspan was initially a logical positivist,[52] he was converted to Rand's philosophy of Objectivism by her associate Nathaniel Branden. He 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 including an essay supporting the gold standard.[53][54] Rand stood beside him at his 1974 swearing-in as Chair of the Council of Economic Advisers. Greenspan and Rand remained friends until her death in 1982.[44]

He has come under criticism from Harry Binswanger,[55] who believes his actions while at work for the Federal Reserve and his publicly expressed opinions on other issues show abandonment of Objectivist and free market principles. However, when questioned in relation to this, he has said that in a democratic society individuals have to make compromises with each other over conflicting ideas of how money should be handled. He said he himself had to make such compromises, because he believes that "we did extremely well" without a central bank and with a gold standard.[56] In a Congressional hearing on October 23, 2008, Greenspan admitted that his free-market ideology shunning certain regulations was flawed.[57] 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 from the application of competitive markets in "assuming what the nature of risks would be."[58]


https://en.wikipedia.org/wiki/Alan_Greenspan#Objectivism

Just like the insurance adjuster deciding how much your life is worth in monetary terms...This shit sounds familiar, doesn't it.

We've been living with Libertarians running our economic and social policies as the working class lost everything. But then, Ayn Rand thought most of us should be dead anyway.

Her hero was William Hickman the kidnapper and murderer, her perfect 'Superman.' Here's the Tea Party hero, if you have the stomach for reading it (not nice):

https://en.wikipedia.org/wiki/William_Edward_Hickman

Thinks they wouldn't shoot us 'statists?' Then Paul Ryan and the rest of the gang are still trying to run things. There should be no surprises. None of these sociopaths should be free but they've got half the country thinking the same way.

Dangerous times and only going to get rougher. No tears over Summers. Don't let the screendoor hit you on the way out of town, you worthless scum.

And they run the media, teaching us to think just like they do. Sorry, I can't be nice about these guys.


Recommendations

0 members have recommended this reply (displayed in chronological order):

Scary. skydive forever Sep 2013 #1
from the article questionseverything Sep 2013 #45
Read through to the bitter end. It will explain much. RC Sep 2013 #2
Ignore it most likely nadinbrzezinski Sep 2013 #34
There are certain things that they can't spin. RC Sep 2013 #35
Pretty damn vile. But I think this is why Obama will not nominate Summers. Autumn Sep 2013 #3
Obama will nominate sulphurdunn Sep 2013 #6
I'm not too sure of that. Obama has shown that he is willing to change course. Autumn Sep 2013 #8
If any evidence sulphurdunn Sep 2013 #13
No, I don't have any evidence to that. Autumn Sep 2013 #14
Fair enough. sulphurdunn Sep 2013 #19
The valid, overwhelming objections to Summers have been laid out for Obama for MONTHS Divernan Sep 2013 #21
I read that and I agree. But I think that Summers did that because he wants the job. Autumn Sep 2013 #32
No one has any evidence of that. n/t AnotherMcIntosh Sep 2013 #25
I remember he called them fat-cat bankers once, right before letting them off the hook magical thyme Sep 2013 #42
What exactly do you think would happen? DireStrike Sep 2013 #7
I think Janet Yellen is the easiest choice. Yes I do think Summers Autumn Sep 2013 #12
Those three years are the whole point - time to exploit the US for the benefit of the one percent Divernan Sep 2013 #22
What would happen? They wouldn't make him a multi-millionaire after the election. magical thyme Sep 2013 #43
The Plutocrat's Friend Octafish Sep 2013 #4
wow! heaven05 Sep 2013 #33
Seeing how they have most of the money and all the big guns, it seems that way... Octafish Sep 2013 #36
All except the Arab countries that do not allow usury malaise Sep 2013 #5
Is gregpalast a reputable news source? iandhr Sep 2013 #9
Do a Google search on Greg Palast and Iraq and education etc etc marmar Sep 2013 #11
Don't let the snap in Greg Palast's writing style throw you off. He researches JDPriestly Sep 2013 #37
fuck yeah. KG Sep 2013 #38
Greg Palast was the investigtive reporter who ... bvar22 Sep 2013 #39
The Citigroup Plutonomy Memos: Two bombshell documents that Citigroup's lawyers try to suppress malaise Sep 2013 #10
140 Nations agreed to let Goldman Sachs raid their banks. fasttense Sep 2013 #15
666 sulphurdunn Sep 2013 #20
I don't know about any mark fasttense Sep 2013 #40
The "mark of the beast" sulphurdunn Sep 2013 #47
This is really weird but Vanje Sep 2013 #50
I'm sorry you noticed that. sulphurdunn Sep 2013 #54
No need to wonder what all the WTO protestors from the past were protesting about. L0oniX Sep 2013 #28
Thanks, trumad. We should expel these creeps from our country forever and confiscate Zorra Sep 2013 #16
Good analogies by Lee Camp theaocp Sep 2013 #17
Sounds like Obama should expatriate Summers, not promote him. Baitball Blogger Sep 2013 #18
There is no stopping this. No wonder Obama's NSA is spying upon all of us. AnotherMcIntosh Sep 2013 #23
Marking for later read underpants Sep 2013 #24
Good read and I believe it ...inspite of Greg Palast being thrown under the bus here at DU. L0oniX Sep 2013 #26
So Summers talks to bank CEOs about international negotiations about banking muriel_volestrangler Sep 2013 #27
And the memo reveals a lot about Summers and..... grahamhgreen Sep 2013 #29
Summers is a mysogynistic Corporatist crony Berlum Sep 2013 #30
glass-steagall act heaven05 Sep 2013 #31
But Clinton was just putting the icing on the cake fasttense Sep 2013 #41
bookmarked for future use. It's another red line of mine. magical thyme Sep 2013 #44
Bookmarked. Really important must-read for ALL Americans (not just DU) nt riderinthestorm Sep 2013 #46
A Randian psycho from Nixon and Reagan's legacy like Alan Greenspan: freshwest Sep 2013 #48
When I grew up, Isoldeblue Sep 2013 #51
A lot better than cussing like a sailor, which I know how to do... freshwest Sep 2013 #52
Well then, we have much in common Isoldeblue Sep 2013 #53
Thank you! Vanje Sep 2013 #49
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