nwr: the imf to the rescue?

Re Zero Hedge... um, er, it's written by a character from "Fight Club"?

Re Bronte... well, they have a _different_ view of things.

Re Scarum... the article ends with doom and destruction; too easy.

Re Harum... so pompous and overblown, but I love 'em, anyway.
 
One point re Greenspan: I don't think that Ayn Rand would have approved of the "Greenspan put". While AG was a Randian as a youth, he strayed in his later years.
 
originally posted by Cole Kendall:
One point re Greenspan: I don't think that Ayn Rand would have approved of the "Greenspan put". While AG was a Randian as a youth, he strayed in his later years.
Click to expand...

Interesting.

Strayed to what?
 
originally posted by Bwood:
originally posted by Cole Kendall:
One point re Greenspan: I don't think that Ayn Rand would have approved of the "Greenspan put". While AG was a Randian as a youth, he strayed in his later years.
Click to expand...

Interesting.

Strayed to what?
Click to expand...

In AG's youth he was part of the circle of those who followed Ayn Rand for a while, but he eventually broke away (this is a rough sketch, but this has been extensively documented by him and others). There is an anecdote I had heard that Rand thought his personal demeanor reminded her of an undertaker; I have not been able to listen to him since without thinking of him expressing his sympathy at someone's passing.

He retained a bias toward small government and less regulation but happily participated in (among many other things) the Ford Administration's various economic interventions (perhaps you do not remember "Whip Inflation Now!" aka WIN).

Later in life , he was not unhappy to be on the cover of Time Magazine as part of the group that "saved the world" (along Rubin and Larry Summers, who is back in the White House). I do not think that Rand or her followers would believe that the world should or could be saved by the Fed and Treasury.

Like many people who joined fringe groups in their youth, there is some remnant that remains in their thinking in later years, but his Randian purity was long gone by the 1970s.
 
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