Too Big To Bail - Ayn Rand Institute Op-Ed by Alex Epstein

www.aynrand.org

Alex Epstein, a business analyst at the Ayn Rand Institute, explains how the government's "too big to bail" policy encouraged financial institutions to make billions of dollars in bad subprime investments.

Print version available at http://www.aynrand.org/toobigtobail

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• Epstein
• business
• government
• subprime
• mortgages
• investments
• economy
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[shovelcharge]

You don't make sense. Capitalism is based on science. What the hell is energy accounting

[RadicalForLiberty]

Don't forget the community reinvestment act's contribution to excessive risk taking. Lenders were FORCED by government mandated lax lending standards to make loans to people with poor credit ratings.

[eggory]

I like what this guy's saying but he is not that good of a speaker.

[U4EANetworksInc]

'egoism' and rational self-interest are two separate things. try to understand the context of the virtue of rational self-interest before equating selfishness with greediness. rational self interest includes helping others who you care about - altruism is all rational self interest (in others). pure capitalism has never been allowed to exist, but in such system, economics and state are to be separated, as with education, science and religion, and govt. is reduced to basic functions (protection)

[olliearl]

Ayn Rand loved selfishness, so what is the problem. The free market is not a reality. It is a market that is already owned and Ayn Rand would be proud of the selfish pricks who manage it.

[natritious1]

@NathanRomml sorry, I meant to write "the initiation of force is a backslide to self perfection" turns out I was the dummy haha

[NathanRomml]

@jamesbreedthelove

One can only perfect himself through the gain of power. She rejected the will to power, the driving mechanism of humanity as both individual units and collective. Thus, she was hypocrite.

Also, what kind of egoist opposes "harming others"? Isn't the concern about the well being of others kinda contrary to the definition of egoism?

[NathanRomml]

@natritious1

"He" initiation? Who initiation? I'm sorry, but it turns out I'm so dumb that your message makes no sense for me.

[natritious1]

@NathanRomml he initiation is a backslide to self-perfection you dummy

[jamesbreedthelove]

@NathanRomml how does that make her a hypocrite?

[NathanRomml]

@Treeshagger

Rand was an idiot. She claimed to stupor self-perfection and egoism, yet she criticized violence and the use of force. The bottom line is, she was a hypocrite.

[Treeshagger]

I like Rand's hostility towards the initiating of force in all individual and social actions and interactions. I am a mite sceptical about the misuses and abuses that could concievably occur through the sheer power and sway that money can inherently have. Right now I see very little prospect for human utopia, looking at the moral and financial corruption ongoing. Depressing eh...?