Quantcast Greenspan And Rand: Strange Bedfellows?
Search by tag or site Login to my blogStart my own blog















TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

The Boston Real Estate Blog

I am an independent real estate broker, focused on the residential real estate market in downtown Boston.

Greenspan And Rand: Strange Bedfellows?

Posted on 09/16/2007 12:38:50 | Link | Post Comment

I didn't know this.

Apparently, brilliant novelist Ayn Rand had a fan in past Federal Reserve Chairman Alan Greenspan.

According to today's Times:

Mr. Greenspan met Rand when he was 25 and working as an economic forecaster. She was already renowned as the author of “The Fountainhead,” a novel about an architect true to his principles ... Rand did not pay much attention to Mr. Greenspan until he began praising drafts of “Atlas,” which she read aloud to her disciples, according to Jeff Britting, the archivist of Ayn Rand’s papers. He was attracted, Mr. Britting said, to “her moral defense of capitalism.”

In fact, Mr Greenspan married a woman (first marriage) he met at one of Ms Rand's weekly "Collective" meetings, held each week in her New York apartment.

I have always been a fan of the book, Atlas Shrugged, and an admirer of Ms Rand's (and not just because she was able to seduce a man half her age ...).

In some ways, her philosophy (Objectvism) is at best a theory and not a practical form of living (at least, we can hope so), but what she wrote about (at length, over 1,200 pages in this book, alone) is amazing. Even more so today, 50 years after it was first published.

(Not everyone was pleased with the book. Here is an excerpt from the New York Times book review, published 13 October, 1957:

This Gargantuan book comes among us as a demonstrative work rather than a literary work. Its size seems an expression of the author's determination to crush the enemies of truth - her truth, of course - as a battering ram demolishes the walls of a hostile city. Not in any literary sense a serious novel, it is an earnest one, belligerent and unremitting in its earnestness. It howls in the reader's ears and beats him about the head in order to secure his attention, and then, when it has him subdued, harangues him for page upon page. It has only two moods, the melodramatic and the didactic, and in both it knows no bounds.

More: Ayn Rand’s Literature of Capitalism - By Harriet Rubin (includes original Times review and Mr Greenspan's letter to the editor in defense of Ms Rand) - By , The New York Times

More posts about: , ,
Stock Quote or
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.