The book was ghostwritten by L. Brent Bozell Jr., brother-in-law of William F. Buckley. Bozell had been Goldwater’s speechwriter in the 1950s, and was familiar with many of his ideals…
Mr. Greenspan met Rand when he was 25 and working as an economic forecaster. She was already renowned as the author of “The Fountainhead,” a novel about an architect true to his principles. Mr. Greenspan had married a member of Rand’s inner circle, known as the Collective, that met every Saturday night in her New York apartment. Rand did not pay much attention to Mr. Greenspan until he began praising drafts of “Atlas,” which she read aloud to her disciples, according to Jeff Britting, the archivist of Ayn Rand’s papers. He was attracted, Mr. Britting said, to “her moral defense of capitalism.”
Rand’s free-market philosophy was hard won. She was born in 1905 in Russia. Her life changed overnight when the Bolsheviks broke into her father’s pharmacy and declared his livelihood the property of the state. She fled the Soviet Union in 1926 and arrived later that year in Hollywood, where she peered through a gate at the set where the director Cecil B. DeMille was filming a silent movie, “King of Kings.”
He offered her a ride to the set, then a job as an extra on the film and later a position as a junior screenwriter. She sold several screenplays and intermittently wrote novels that were commercial failures, until 1943, when fans of “The Fountainhead” began a word-of-mouth campaign that helped sales immensely.
Shortly after “Atlas Shrugged” was published in 1957, Mr. Greenspan wrote a letter to The New York Times to counter a critic’s comment that “the book was written out of hate.” Mr. Greenspan wrote: “ ‘Atlas Shrugged’ is a celebration of life and happiness. Justice is unrelenting. Creative individuals and undeviating purpose and rationality achieve joy and fulfillment. Parasites who persistently avoid either purpose or reason perish as they should”…
We now live with Conservatives who have betrayed Goldwater’s "small government, decreased spending, strong military, low taxes." They are huge spenders, have intruded a major governmental presence into our lives. They got the part about low taxes, but it doesn’t show [yet] that they simply defer taxation by running up the National Debt, imposing an enormous tax on future Americans. And they’ve betrayed Ayn Rand. She was a prophetess of Narcissism, but her characters were honest – truly talented. Her free market economy has become a playground for thieves who have manipulated the economy to almost wreck it. I expect they have the Ayn Rand attitude about Parasites who persistently avoid either purpose or reason perish as they should, but it is they who have become the parasites that need to perish.
Those pro-capitalism, anti-FDR, anti-communist ideas that fascinated us in the 1960’s have become perverted into rationalizations for rape and plunder by people who are anything but rugged individualists with angular features – superior beings who rose to the top in spite of the weak collectivists that stood in their paths. They are simply crooks. And this financial crisis makes it clear that it’s time to say "No" to their whole perverted way of thinking. Capitalism is very dangerous, and must be regulated. That’s just all there is to say…
The conservatives who betrayed the True Cause should be forced to go to remedial training, reading Ayn Rand until they get it, that you can’t buy just half a Rand, you have to buy a whole Rand. Not that that’s so great either, but I suspect dear old Ayn wouldn’t have made such a mess as we have now.
And those who now want to blame the Democrats for “forcing” lenders into making loans to low income people with no credit — I’d send them back to remedial school until they have something else to say than “the devil made me do it.” That line got old back when that black commedian used that as his tag line.
“Thank you all very much, and thank you for joining us to sign this historic reform. This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions…”
“Now, this bill also represents the first step in our administration’s comprehensive program of financial deregulation…”
“What this legislation does is expand the powers of thrift institutions by permitting the industry to make commercial loans and increase their consumer lending. It reduces their exposure to changes in the housing market and in interest rate levels. This in turn will make the thrift industry a stronger, more effective force in financing housing for millions of Americans in the years to come…”
Ronald Reagan, 1982