Yaron Brook on Capitalism, Question 1 - Ayn Rand Institute

http://www.aynrand.org

This question addresses how interest rates can be kept in check without the Federal Reserve. From the Q-&-A period of a lecture titled "Why Unregulated Laissez-Faire Capitalism Is the Only Moral Social System," delivered at the University of California, Irvine on April 14, 2008.

Yaron Brook is president and executive director of the Ayn Rand Institute in Irvine, California.

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• Yaron
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• Fed
• interest

[UltraTexan]

He has a killer accent.

[torres585]

The true moral of the story is that it is IMPOSSIBLE for one man or a group of bureaucrats to regulate a huge complicated capitalist system of contracts, goods and services. Whenever the government does good for one it destroys another. As for monopolies in a capitalist economy, they wouldn't exist. Monopolies happen because government helps those businesses out with extra money thereby screwing someone else.

[SuperNache]

@torres585 i agree except that i think that if bureaucrats are regulating the system, it's not truly capitalist because it inevitably create an unfair advantage for one group over another which then causes malinvestment.

[notengonickcojones]

Capitalism without monopolies is the ideal that is clear.

[IHeartDenver]

Yaron Brook makes me smile :)

He's one of my top 5 favorite people on earth.

[smahier]

Ultra Texan - think Elmer Fudd. :)

[DuckyFlodes117]

That wascally wabbit has some good ideas.

[littleozzyboy]

another fuckin nazi pig

[Paraconsistant]

@elizabethfaraone What should sicken you is your absolute inability to engage in rational discourse with one who differs with you. If you want to discuss the (de)merits of the capitalist means of production or your preferred mode of production, we can do that. But if you wish to carry on with your mindless rants in your wooden and perfunctory way, then I will leave you to it.

[elizabethfaraone]

@Paraconsistant Hey, tinman, do you really believe anyone is intimidated by your pseudo-intellectual bullying? You are not an intellectual. Just a driveling, self serving opportunist and elitist.

[elizabethfaraone]

@Paraconsistant As I said before, they are opportunists and they want to be protected while no one else is protected. Very sick indeed. Perhaps you don't like my analogy to slavery. Hit's too close to home? You're so full of shyte with your comment that it's an empirical matter.. You've said absolutely nothing in your statement and you pretend that you are capable of abstract thought when you are clearly not. You don't understand a word you've said. It sickens me.