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Date: | Tue, 31 Mar 2009 10:44:10 -0400 |
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I regret to say that Mason has missed two of the implicit points I
was making and one explicit point.
The explicit point was that Rand's understanding of economic theory
was rudimentary. Her one big insight was that government intervention
can destroy an economy. She demonstrated how in Atlas Shrugged, and
advocated a separation of government from economy for a number of
reasons--one of them being the harm that government can do. The
others were philosophical and political philosophical.
On the implicit points: First, whatever Alan Greenspan understood of
economics, there is no evidence of which I am aware that he got it
from Rand. He wrote some articles while associated with her, but they
seem unconnected to his apparent later views and actions. So far as
what he understood of economics is concerned, I have written about
this for the Mises's Institute's The Free Market. I sincerely believe
now that I was putting lipstick on a pig.
Second, my quip with respect to Hillary Clinton implied that she
understood nothing of what she had read of Atlas Shrugged. Perhaps I
am wrong. Hillary may identify with the villains.
Samuel Bostaph
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