Jun 3, 2009

Amity Shlaes Discusses the Relevance of Atlas Shrugged

Shlaes writes about the new found interest in Ayn Rand's novel, Atlas Shrugged and how it relates to today's federal government. Article is from Bloomberg

The hard-money monologue of Rand’s copper king, Francisco d’Anconia, used to sound weird. Who even thought about gold in the early 1990s? Now, D’Anconia’s lecture on the unreliable dollar sounds like it could have been scripted by Zhou Xiaochuan, or some other furious Chinese central banker:

“Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’”

2 comments:

Alan Osler said...

horse shit

Virginian Rebel said...

Alan, thank you for this insightful comment. Would you care to elaborate?