"Greenspan was a longtime associate of Ayn Rand - yes, that Ayn Rand. The one who seemed so very revolutionary when you were 14 or so and first read “Atlas Shrugged.”
In an article published in 1963 as part of Ayn Rand’s book Capitalism: The Unknown Ideal, Greenspan declared that protection of the consumer against “dishonest and unscrupulous business was the cardinal ingredient of welfare statism.”
“Regulation which is based on force and fear undermines the moral base of business dealings,” he wrote. “Protection of the consumer by regulation … is illusory.”"
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Sorry I've been missing, my laptop is kaput.
There was a fellow on NPR's "Day To Day" on Tuesday who talked at length about Greenspan's dubious ideology. He was on Fresh Air this week as well, but I missed it.
The high priest of market worship, to be sure.
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