Read e-book online Alan Shrugged: Alan Greenspan, the World's Most Powerful PDF

By Jerome Tuccille

ISBN-10: 047139906X

ISBN-13: 9780471399063

ISBN-10: 047143356X

ISBN-13: 9780471433569

I'm an avid reader of the works of Ayn Rand. I picked up this e-book from a used booklet shop pondering that it might be a pleasant ebook to provide an outline of the occupation of Alan Greenspan with targeted emphasis on his courting with Ayn Rand. regrettably, i used to be bored through the content material on Alan Greenspan and indignant by way of the content material on Ayn Rand.

The preliminary chapters on Greenspan's formative years and his pastime as a jazz participant are attention-grabbing. although, the latter sections on Greenspan as a monetary adviser (for Ford and Reagan) and his time with the Federal Reserve are a bit of informative yet dull to learn. Chairing the Federal Reserve isn't precisely the most enjoyable place, so maybe the writer is simply doing the easiest with the cloth he has.

This is correct however the remedy of Ayn Rand is particularly unkind if not only downright immature. for instance, Tuccille writes "[M]uch of Rand's rational individualism was once in concord with the lessons of the scholastic Thomas Aquinas....But Rand *chose* to think that she had created a brand new morality that stood Christianity on its head."

The emphasis at the notice 'chose' is mine. studying this paragraph insinuates that not just is Rand's moral philosophy an insignificant rehash of prior rules yet that she intentionally and dishonestly *evaded* this truth. whereas either Rand and Aquinas have Aristotelian roots, this is often nonetheless no longer a decent remark to make in passing approximately Rand's philosophy. it isn't applicable for me to enter information about the main points among Rand and Aquinas the following, yet any reader can know about Rand's moral philosophy through examining 'The advantage of Selfishness' via Ayn Rand, 'Objectivism: The Philosophy of Ayn Rand' through Leonard Peikoff or 'Ayn Rand's Normative Ethics' via Tara Smith.

There are quite a few different snipes at Ayn Rand through the publication, however the remark above is especially representative.

I certainly don't suggest this ebook for real enthusiasts of Objectivism. I additionally don't suggest this publication for common lovers of laissez-faire capitalism as i don't see a lot price during this publication for this broader viewers both.

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Extra info for Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker

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Even at age sixteen he was something of a gut-level individualist, but after reading his father’s book several times with its endorsement of an American welfare state, Alan was more confused than ever. He dismissed his own doubts with a shrug and embraced the notion that nothing is really provable. It was easy for an intelligent person to argue both sides of an issue with equal fervor and conviction, he thought, and the best debater always won out in the end. He was particularly troubled when Time magazine chose Joseph Stalin as 1942’s “Man of the Year” in its January 4, 1943, issue.

As the presidential campaign heated up in 1944, Roosevelt nearly destroyed Truman’s chances as his running mate by wavering in the days just before the Democratic convention. FDR also negotiated an agreement with Churchill on sharing postwar development of nuclear weapons, but failed to let the State Department in on it. In perhaps his most duplicitous decision of all, FDR concealed the true nature of his illness and accepted a fourth term for the presidency knowing full well that he would never be able to survive it.

Keynes influenced everybody in those days, and Alan was pretty much of the opinion that extraordinary circumstances called for government action. We took a course together on business cycles given by a conservative economist who advocated a laissez-faire approach, and neither one of us was impressed with it” Keynes was unique in that he was the only economist to have an economic system named after him. His personal life defied the usual stereotypes, since he was flamboyant to a fault. He went to Eton as a scholar, then moved on to King’s College at Cambridge to study the classics as well as math.

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Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker by Jerome Tuccille


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