Tag Archives: alan greenspan

Quote of the Day – Alan Greenspan on the Hallmark of Collectivists

Yet another quote from Ayn Rand’s “Capitalism: The Unknown Ideal,” also from Alan Greenspan’s essay “The Assault on Integrity,” I cannot help but think of Mayor Bloomberg and his various attempts at “protecting” consumers, whether it be from saturated fats, sugary drinks (some of them any way), or lack of exercise (by passing a law “encouraging” the use of stairs).

The hallmark of collectivists is their deep-rooted distrust of freedom read more

Quote of the Day – Alan Greenspan on “Consumer Protection”

Here is another of the many quotes I accumulated while reading Ayn Rand’s “Capitalism: The Unknown Ideal.”  This particular quote is from Alan Greenspan’s essay “The Assualt on Integrity.”   While this was originally written in 1963, it is still applicable today.  Anytime you hear that the government is regulating companies in order to “protect consumers” you should think of this quote and then ask yourself if you are truly better off.

The attempt read more

Quote of the Day – Alan Greenspan on Antitrust

In Ayn Rand’s “Capitalism: The Unknown Ideal” Alan Greenspan ends his essay on antitrust legislation with the following:

Whatever damages the antitrust laws may have done to our economy, whatever distortions of the structure of the nation’s capital markets they have created, these are less disastrous than the fact that the effective purpose, the hidden intent, and the actual practice of the antitrust laws in the United States have led to the condemnation of the productive read more

Government Regulation, the Gift that Keeps on Giving

In the essay “Antitrust,” which is contained in Ayn Rand’s “Capitalism: The Unknown Ideal,” Alan Greenspan, long before he became chairman of the Federal Reserve, discussed the emergence of antitrust legislation at the end of the 19th century.

In the early 19th century, railroads developed in the East among stiff competition, between different railroads as well as with older forms of transportation.  By the 1860’s a political movement developed demanding that read more