SiliconBeat

Much has been written about the influence of Ayn Rand, who has been called the high priestess of unfettered capitalism, on former Fed chairman Alan Greenspan, who was a member of that author’s inner circle during the 1950s when he was in his twenties. He was said to be among those who read her 1957 novel, ”Atlas Shrugged,” before it was published, a work intended “to glorify the real kind of productive, free-enterprise businessman in a way he has never been glorified before,” according to Rand.

In the wake of Greenspan’s testimony yesterday before a Congressional panel, in which he said the current financial crisis had exposed a “flaw” in his concept of a free market, the executive director of the Ayn Rand Center for Individual Rights felt it necessary to Read the rest of this entry »