Did Ayn Rand predict the current Government-caused economic meltdown?
admin | Jan 11, 2012 | Comments 2
Question by Tippy: Did Ayn Rand predict the current Government-caused economic meltdown?
Every new act of government futility and stupidity carries with it a benevolent-sounding title. These include the “Anti-Greed Act” to redistribute income (sounds like Charlie Rangel’s promises soak-the-rich tariff bill) and the “Equalization of Opportunity Act” to prevent people from starting more than one business (to give other people a chance). My personal favorite, the “Anti Dog-Eat-Dog Act,” aims to restrict cut-throat competition between firms and thus gradual the wave of business bankruptcies. Why didn’t Hank Paulson reckon of that?
These acts and edicts sound farcical, yes, but no more so than the actual events in Washington, circa 2008. We already have been served up the $ 700 billion “Emergency Economic Stabilization Act” and the “Auto Industry Financing and Restructuring Act.” Now that Barack Obama is in town, he will soon sign into law with fantastic urgency the “American Recovery and Reinvestment Plot.” This latest Hail Mary pass will boost the federal budget (which has already expanded by $ 1.5 trillion in eight years under George Bush) by an additional $ 1 trillion — in unevenly his initially 100 days in office.
The current economic strategy is aptly out of “Atlas Shrugged”: The more incompetent you are in business, the more handouts the politicians will bestow on you.
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Answer by Stock Up On Water And Bullets
She was pretty smart for a woman. They should require her books to be mandatory reading material in High Schools.
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Not really but go ahead and believe it if it makes you feel better.
It helped G.W. Bush make ahead. Well, government handouts (like the new stadium that improved the value of his ball team) and from the Saudi Royals.