Word: rand
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Dates: during 1970-1979
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...that there are jokes about Philosopher Ayn Rand's becoming the Ford Administration's primary behind-the-scenes adviser now that her friend Alan Greenspan heads the President's Council of Economic Advisers. If previous Administrations had taken Rand's advice to stop interfering in the capitalist system, the U.S. wouldn't be in its present economic mess. Woolsey Teller Indianapolis...
...preliminary conferences leading to this week's summit on inflation, John Kenneth Galbraith looked over the 28 other economists who had gathered in the White House and quipped that the remedies for inflation would be about the same for "Bolsheviks and the devoted supporters of Ayn Rand, if there are any present." Then Alan Greenspan smiled and spoke up: "There's at least...
...there was. The new chairman of the President's Council of Economic Advisers is a longtime friend and disciple of Ayn Rand, the Russian-born author whose novels of rebellious achiever-heroes (We the Living, The Fountainhead, Atlas Shrugged) and nonfiction books have sold at least 12 million copies in 38 years. Greenspan, who is 48, makes no secret of his admiration for Rand, who is now a vigorous 69. His admiration extends to Rand's work and her philosophy of Objectivism, which she describes as advocating "reason, individualism and capitalism." It rejects altruism and embraces, says Rand...
...Taxes. Ayn (as in "mine") Rand is openly pleased over her real-life achiever-hero's rise to the White House. She traveled from her midtown Manhattan apartment to Washington, D.C., this month to watch Greenspan's swearing-in, then was introduced to President Ford. "I'm very proud of Alan," she says. "His is a heroic undertaking...
Greenspan is the first known follower of Objectivism to be tapped for a major Government policymaking position. When the appointment was announced, critics wondered only half jokingly if Greenspan's rise would lead to Rand's becoming the Administration's primary behind-the-scenes economics adviser. That sort of speculation is dismissed by both Rand and Greenspan. He says he has little contact with Rand now, and even before the CEA job came, meetings were limited to dinners every month or so with her and her husband of 45 years, Artist Frank O'Connor. On these...