5 ms·

"Chairman of the Federal Reserve had heard of Objectivism!" FYI Greenspan was a friend of Ayn Rand and was part of her inner circles. http://www.noblesoul.com

by bstadil 18y ago

"Chairman of the Federal Reserve had heard of Objectivism!" FYI Greenspan was a friend of Ayn Rand and was part of her inner circles. http://www.noblesoul.com/orc/bio/greenspan-time.html http://www.noblesoul.com/orc/bio/greenspan-time.html

jorgeortiz85 18y ago
Yes, I think that was intended to be part of the irony.
Eliezer 18y ago
He knows that; that's the joke.
- bstadil 18y ago
  I kind of suspected that but not sure plus most of the HN readers unlikely to know this somewhat obscure piece of information. Hence the comment.
  - andreyf 18y ago
    Um, the rest of that paragraph is sarcastic, too, FYI...
maxharris 18y ago
Greenspan turned his back on Objectivism during the 70s.
- walterk 18y ago
  He did? In what way? (Genuinely curious.) My understanding is that, despite some of his views being at odds with her own, Rand was happy to have him in her inner circle anyway.
  - muerdeme 18y ago
    Before: http://www.lewrockwell.com/north/north204.html http://www.lewrockwell.com/north/north204.html After: Central banker That's the gist of the argument. I'm not going to pretend to know where the line between Objectivism's general ideals and economic ideals lies.
    - walterk 18y ago
      He's always defended his involvement as being a necessary compromise. An unusual stance for an Objectivist, but an Objectivist nonetheless.
  - nazgulnarsil 18y ago
    he expanded the money supply in 1995 and again in 2000 in order to create growth. Since you can't create growth out of thin air these bubbles eventually burst. This is blatant Keynesian economics, the opposite of the free-market.
    - anewaccountname 18y ago
      Guess WWII never happened.
      - nazgulnarsil 18y ago
        war is the broken window fallacy writ large.