The Uncompromising Ayn Rand Is Still Relevant

This choice quote appeared in today’s Washington Times, drawn from Brian Doherty’s recent subscribers-only article on Ayn Rand and the right in the Wall Street Journal:

[Ayn] Rand was, despite her exile from the conservative movement, a fan of Barry Goldwater, the modern Right’s first serious presidential candidate. She told him, ‘I regard you as the only hope of the anti-collectivist side on today’s political scene, and I have defended your position at every opportunity.’ For his part, Goldwater said that ‘I have enjoyed very few books in my life as much as ‘Atlas Shrugged.’
Why does she matter to modern politics? It’s not like she is around for conservatives to seek her endorsement. But it is worthwhile for political activists to remember that Ayn Rand was utterly uncompromising on how government needed to respect the inalienable right of Americans to live their own lives, and of American business to grow, thrive, innovate and improve our lives without niggling interference.

The Light Hand of Alan Greenspan

Bruce Ramsey has an interesting article in the Seattle Times titled “Maestro Greenspan wasn’t conducting all that much,” about Greenspan’s new memoir and his legacy as Fed Chairman.
He cites a passage from the memoir confirming a rumor I’d heard in the 1990s, which is that Greenspan’s goal was to informally peg the dollar to the value of gold. From the article:

He joined Richard Nixon’s campaign in 1968 as an adviser, and when he went to the Fed, he undertook to run the system as it was. He confesses in the book to a nostalgia for the gold standard, but he never campaigned for it. …
Greenspan’s job was to control inflation, and the numbers suggest he did. For years, it seemed he was running monetary policy as if it were a gold standard, and he confirms it in his book.

See the full article for more.

Hudgins: Let's Declare the Fourth of July a Tax-Free Day!

From a new op-ed by Ed Hudgins, executive director of The Atlas Society, published in the Washington Times and elsewhere:

On July 4, 1776, America’s Founders declared the country’s independence from Britain, largely as a revolt against excessive and unfair taxation. So in our nation, which is much more overtaxed than it was over two centuries ago, it would be fitting if, in recognition of our Founding principles, federal, state and local governments made July Fourth a totally tax-free day.
Many cities already suspend sales taxes for a few days a year on items such as clothing and school supplies, usually to garner the favor of overtaxed parents struggling to raise kids and to give mom and pop an incentive to frequent overtaxed downtown enterprises struggling to make profits. So wouldn’t it be appropriate for all of us who struggle every day to be allowed to keep our money on that day on which we celebrate our freedom?
The total direct tax burden on Americans – not counting the indirect taxes of regulations – is estimated at about 35 percent of our $13 trillion gross domestic product, or $4.5 trillion. That works out to more than $12 billion we would keep in our own pockets if we were truly independent on Independence Day.
We wouldn’t have to pay taxes on the hotdogs, beer and barbecue we purchase for Fourth of July picnics. And since for most of us this is a paid holiday, for that day we would receive our paychecks without income tax, Social Security taxes, unemployment insurance taxes and the like taken out.
Such a tax-free day would be the time to fill up large SUVs and save $10 a tank in various fuel taxes. Malls would soon see Christmas-season sized crowds as shoppers seek to stretch their dollars.

Continue reading on The Atlas Society website.

Whole Foods CEO John Mackey: "I Loved Atlas Shrugged and the Fountainhead"

Whole Foods CEO John Mackey is among the few large corporate managers that actively blogs, on behalf of his company, without letting the PR and media relations staff turn his posts into mealy-mouthed generalities.
In his recent post “Whole Foods Market, Wild Oats, and The Federal Trade Commission,” Mackey very directly and publicly takes on the Federal Trade Commission for their recent complaint about the merger of Whole Foods and Wild Oats.
In the ensuing discussion, one commenter wrote:

You’re one of my heros now. I am so glad you responded as you did to this FTC nonsense. I bet you kinda feel like John Galt, but please don’t go on strike.

To which Mackey replied:

I loved Atlas Shrugged and The Fountainhead. “Who is John Galt?”

For more about John Mackey and Ayn Rand, see our earlier posts “Interview with Whole Foods’ John Mackey” and, before that, “Notes on Whole Foods Owner John Mackey.”

Group Encourages Wal-Mart to Promote Atlas Shrugged

To combat the left’s gradual encroachment on corporate policies, some free market activists have begun formally offering Wal Mart a new intellectual paradigm — namely, that the company should embrace free markets rather than run from them.
In the Townhall article “Wal-Mart’s Public Policy Dilemma: Turn Right or Left?” Tom Borelli explains the dilemma:

Most concerning is the possibility that Wal-Mart might actively support government funded universal health care as a way to shift its employee health care problem to the U.S. taxpayer and ease one major area of criticism. Turning Wal-Mart into a lobbyist for the Leftâ??s agenda represents a serious risk to the free market and, if successful, expands the role of government in our lives.
However, Wal-Mart can chart a different course. Instead of following the incremental path to socialism, a shareholder proposal (introduced by an organization Iâ??m affiliated with) offered Wal-Mart a free market alternative.
Wal-Mart can silence its critics by using its clout to encourage its suppliers to promote a pro-business atmosphere. For example, Wal-Mart should rally these businesses to promote free-market ideas such a tax cuts, litigation reform and medical savings accounts.
In addition, Wal-Mart should use its marketing muscle to sell Ayn Randâ??s timeless novel Atlas Shrugged into millions of homes. The book provides insight and perspective regarding the nature of Wal-Martâ??s conflict: capitalism vs. socialism; the risk posed by rent seeking corporate executives; and government interference in the free market.

See the full article for more.

Atlas Shrugged Cameos in Aspen Mayoral Race

From an article in yesterday’s Denver Post:

Aspen mayors, as former office-holders attest, hobnob with world leaders and celebrities. They turn up on CNN and at parties hosted by The Donald as well as tackling pressing problems such as undoing Aspen’s worsening traffic congestion and helping struggling businesses.
“You meet someone, and they are very impressed you are the mayor of Aspen,” said Helen Klanderud, who will be vacating the post after three terms. […]
The cast of candidates willing to jump into this political cauldron includes a bicycle-riding, left-leaning environmentalist attorney who has survived three recall attempts as an outspoken and sometimes abrasive Pitkin County commissioner; a developer who favors sports cars and high-dollar cowboy boots and quotes Ayn Rand; a former tennis pro who goes by one name and is courting the young vote; and a platinum-blond former TV news anchor whose website features sexy portraits and an admission that she may resemble the late Anna Nicole Smith – but only in looks. […]
Developer candidate Tim Semrau, 53, in designer jeans with coiffed hair, set Rand’s “Atlas Shrugged” on the table in front of him, along with a sheaf of position papers and cast himself as a developer, yes, but one who has done many affordable-housing projects.

See the full article for more.
Any politician willing to set a copy of Atlas Shrugged on the table deserves a second look.

Happiness Research and Public Policy

Atlasphere member Will Wilkinson recently published a new paper for the Cato Institute titled “In Pursuit of Happiness Research: Is It Reliable? What Does It Imply for Policy?
From the abstract:

â??Happiness researchâ? studies the correlates of subjective well-being, generally through survey methods. A number of psychologists and social scientists have drawn upon this work recently to argue that the American model of relatively limited government and a dynamic market economy corrodes happiness, whereas Western European and Scandinavian-style social democracies promote it.
This paper argues that happiness research in fact poses no threat to the relatively libertarian ideals embodied in the U.S. socioeconomic system. Happiness research is seriously hampered by confusion and disagreement about the definition of its subject as well as the limitations inherent in current measurement techniques.
In its present state happiness research cannot be relied on as an authoritative source for empirical information about happiness, which, in any case, is not a simple empirical phenomenon but a cultural and historical moving target.
Yet, even if we accept the data of happiness research at face value, few of the alleged redistributive policy implications actually follow from the evidence. The data show that neither higher rates of government redistribution nor lower levels of income inequality make us happier, whereas high levels of economic freedom and high average incomes are among the strongest correlates of subjective well-being.
Even if we table the damning charges of questionable science and bad moral philosophy, the American model still comes off a glowing success in terms of happiness.

As Will writes, “It is not a short paper, nor is it written at a USA Today level of difficulty. So reserve a cool hour for some serious intellectual contemplation. Itâ??s worth it, I hope.”

Ismail Ax: VA Tech Shooting Was Islamic Terror

Writing for TCS Daily, Jerry Bowyer argues convincingly in his article “Ismail Ax: Shooter Was Another ‘Son of Sacrifice’” that Cho Sueng Hui’s slaughter of 32 people at Virginia tech was another instance of Islamic-justified (if not -inspired) terrorism.

First it was Johnny Muhammad, now it was Cho Sueng Hui aka Ismail Ax. Precisely how many mass shooters have to turn out to have adopted Muslim names before we get it?
Keep reading…

Don’t hold your breath to see this in the mainstream media.
H/T: Joe Duarte.