"The most devoted member of (Ayn Rand's) inner circle was Alan Greenspan, former head of the US Federal Reserve. Among the essays he wrote for Rand were those published in a book he co-edited with her called Capitalism: The Unknown Ideal. Here, starkly explained, you'll find the philosophy he brought into government. There is no need for the regulation of business—even builders or Big Pharma—he argued, as 'the "greed" of the businessman or, more appropriately, his profit-seeking … is the unexcelled protector of the consumer.' As for bankers, their need to win the trust of their clients guarantees that they will act with honour and integrity. Unregulated capitalism, he maintains, is a 'superlatively moral system.'"
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Businesspeople from the United StatesEssayists from the United StatesMathematicians from the United StatesLibertarians from the United StatesEconomists from the United States
Original Language: English
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Sources
George Monbiot, Paul Ryan’s Biggest Influence: 10 Things You Should Know About the Lunatic Ayn Rand, Jan Frel, AlterNet, (11 April 2018)
https://en.wikiquote.org/wiki/Alan_Greenspan
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Alan Greenspan
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