The Progressive Nightmare
The Conservative Solution
Second edition (v 2.0) of an ongoing project to visualize Galt’s Speech from Atlas Shrugged by Ayn Rand using images and video from current events. NOTE: These videos do not purport to be definitive or authoritative. If these videos interest you, please visit the Ayn Rand Institute (www.AynRand.com)for more.
Text by Ayn Rand
Read by Christopher Hurt
Edited for YouTube by XCowboy2
Music by John Williams
For the full novel read unabridged, visit BlackstoneAudio.com
Here is complete video of Herman Cain’s speech at CPAC today. Cain called on Americans to “stay involved, stay informed, and stay inspired” in working to see to it that there is a new President in the White House after the 2012 Election. Cain said liberals like Obama are seeking the destruction of the United States as we know it, wanting to turn America into the U.S. of Europe. Cain said that is not going to happen “on our watch.” He has already formed a Presidential Exploratory Committee, and will likely be a candidate for the 2012 GOP Presidential Nomination.
What did central bankers have to know and then be empowered to do in order to have avoided the housing bubble and economic fallout? Adam Posen is an External Member of the Monetary Policy Committee for the Bank of England, and a Senior Fellow at the Peterson Institute for International Economics. He spoke at the Cato Institute’s Monetary Conference held in November 2010.
The problem with his analysis is that he doesn’t differentiate between periods of healthy growth vs. periods of inflation (or other government policy) driven growth. That’s why he says not all booms are followed by busts. But it’s fairly easy to spot inflation-driven growth, so it’s also fairly easy to spot bubbles, despite what he thinks.
See my previous post on Monetary Policy, Housing and Other Bubbles and get the free book shown there.
Adam Posen Discusses Asset Bubbles, posted with vodpod