Thursday, October 23, 2008

Ayn Rand is Dead

Ayn Rand is dead, and Wall Street killed her:

Former Federal Reserve Chairman Alan Greenspan called today for imposing some of the same sorts of regulations on mortgage securities he resisted when he was in office, acknowledging that the current financial crisis had exposed "a flaw" in his view of how the world and markets function.
Sounds like maybe Greenspan feels a little guilty about the upheaval and financial devastation that his laissez-faire fundamentalism (of the Objectivist variety) has unleashed upon ordinary working folk throughout the globe.

Also, this excellent article says much of what I was mulling over for a possible blog post a couple of weeks ago. After reading the article I didn't feel the need to say anything more, really. Recommended reading.

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