tag:blogger.com,1999:blog-1864815735750729117.post7798100657159965750..comments2023-10-31T06:28:56.237-07:00Comments on The Housing Chronicles Blog: Is life imitating art in "Atlas Shrugged?"Patrick Duffyhttp://www.blogger.com/profile/01418865588511944900noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1864815735750729117.post-57486209117894813722009-03-05T09:49:00.000-08:002009-03-05T09:49:00.000-08:00Greenspan was interviewed for the recent doumentar...Greenspan was interviewed for the recent doumentary -House Of Cards- on CNBC. About the housing mess.<BR/><BR/>At the end he is asked if this will happen again and if we need to make radical changes.<BR/><BR/>He replied and I paraphrase,"I suspect we will be having this conversation again some time in the distant future...would I change much? No this system has created the most evolutionary progress in the worlds history".<BR/>To imply the ups and downs as a natural part of the system. Similar to what Harry Dent has said about the dip. He has predicted this for years, irregardless of the CDO's and housing. The politicos are just trying to perhaps look busy and maybe put off the inevitable?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1864815735750729117.post-30790355694712534052009-03-04T18:17:00.000-08:002009-03-04T18:17:00.000-08:00Oh, I'm still a fan of the the book. I'm just not...Oh, I'm still a fan of the the book. I'm just not sure what's happened lately on Wall Street -- which was the very definition of greed as you define it -- makes a very good defense. I love the concept of objectivism -- I just doubt that our species is ready to take on its responsibilities as well as its rewards.Patrick Duffyhttps://www.blogger.com/profile/01418865588511944900noreply@blogger.comtag:blogger.com,1999:blog-1864815735750729117.post-13451395253368323932009-03-03T21:23:00.000-08:002009-03-03T21:23:00.000-08:00... as if the unfettered free marketplace, depende...<I> ... as if the unfettered free marketplace, dependent as it is upon the actions and behaviors of human beings capable of great greed and self-interest, is the answer to everything.</I><BR/><BR/>These are the words from one with a shallow grasp of Objectivism. The radical laissez-faire capitalism we advocate would seek to regulate <I>all</I> human interactions, mandating that they occur without the use of physical force i.e., that all exchanges of values, tangible or intangible, must be voluntary. <BR/><BR/>No other philosophy or politics in human history has imposed such a fetter.<BR/><BR/>If I choose to voluntarily do business with a person or company known to be greedy or unsavory, or immoral, or ... by what standard do you or does anyone else claim a right to interfere. That is a right you have not earned. And the very definition of greed is a quest for the unearned.Michael Clendenin Millerhttps://www.blogger.com/profile/16581122565726095706noreply@blogger.com