Daily Archives: 28 June 2010

Critique of Stossel’s Ayn Rand / Atlas Shrugged episode

@ 5:30, the Chairman of BB&T talks about how they refused to participate in eminent domain endeavors, and “pick-a-payment” mortgages, even though such mortgages were sellable on secondary markets. He then offers a fantastic, insider look at TARP. Because the Fed didn’t want to let the public know which banks had gotten into trouble, they forced ALL big banks to accept TARP.

@ 24:30, A libertarian asks a question which points to the divide between Randian Objectivists and libertarians. The guy’s defence of Rand’s war on altruism is rather feeble.

FYI, I favor 95% of Rand’s Objectivism.

@ 27:00, there is a great discussion of fish pedicures, and a psychopathic, parasitic legislator who wants to outlaw the practice (unless you can sterilize the fish).

@ 36:30, I think there’s a good question about the state’s role in preventive legislation, like laws which regulate distracted driving, which poses threats to other people’s liberty. I guy from Reason Magazine who took the question answered well — as well as you can answer if you believe in the state. However, I think the correct response is the anarcho-capitalist line, that roads should be privatized, and regulated by their private owners.

@ 41:30, there is a wonderful chart correlating sales of Atlas Shrugged with expansions of the U.S. government.