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1957 - Ayn Rand

Well known as the author of *Atlas Shrugged* and *Fountain Head*, Ayn Rand led a small "collective" with Alan Greenspan as a member. Her influence is marked by a U.S. stamp.

from Wikipedia:

"Rand advocated reason as the only means of acquiring knowledge and rejected faith and religion. She supported rational and ethical egoism, and rejected altruism. In politics, she condemned the initiation of force as immoral and opposed collectivism and statism as well as anarchism, instead supporting laissez-faire capitalism, which she defined as the system based on recognizing individual rights. .... academia generally ignored or rejected her philosophy, though academic interest has increased in recent decades.... She has been a significant influence among libertarians and American conservatives...."


By The Editors Of Playboy from the March 1964 issue.

"I never describe my position in terms of negatives. I am an advocate of laissez-faire capitalism, of individual rights --- there are no others --- of individual freedom. It is on this ground that I oppose any doctrine which proposes the sacrifice of the individual to the collective, such as communism, socialism, the welfare state, fascism, Nazism and modern liberalism.

I oppose the conservatives on the same ground. The conservatives are advocates of a mixed economy and of a welfare state. Their difference from the liberals is only one of degree, not of principle."

"My views on charity are very simple. I do not consider it a major virtue and, above all, I do not consider it a moral duty. There is nothing wrong in helping other people, if and when they are worthy of the help and you can afford to help them. I regard charity as a marginal issue. What I am fighting is the idea that charity is a moral duty and a primary virtue."

Like Franklin D Roosevelt, Ayn Rand was a stamp collector. Her stamp collection numbered to 50,000.

Franklin D. Roosevelt (1882-1945) remembered and respected for his strong yet compassionate leadership during the Great Depression and World War II.

FDR sketched the original designs for several United States stamps issued during his time in office.

Rand's Influence on Alan Greenspan

In *The Age of Turbulence*, Alan Greenspan describes the influence that Ayn Rand had on his intellectual development.

"Ayn Rand became a stabilizing force in my life. It hadn't taken long for us to have a meeting of the minds -- mostly my mind meeting hers -- and in the fifties and early sixties I became a regular at the weekly gatherings at her apartment.

Exploring ideas with her was a remarkable course in logic and epistemology. I was able to keep up with her most of the time. Rand's Collective became my first social circle outside the university and the economics profession.

According to objectivist precepts, taxation was immoral because it allowed for government appropriation of private property by force. Yet if taxation was wrong, how could you reliably finance the essential functions of government, including the protection of individuals' rights through police power?

I still found the broader philosophy of unfettered market competition compelling, as I do to this day, .... I'm grateful for the influence she had on my life. I was intellectually limited until I met her."

From *The Age of Turbulence* by Alan Greenspan, pp. 51-53.

1987 - Alan Greenspan, Chairman of the Federal Reserve Bank - 2006

Greenspan was appointed by Presidents Reagan and Presidents George H.W.Bush and George W. Bush.

Ayn Rand and Little Orphan Annie

From the website of Reason magazine:
Little Ideological Annie Brian Doherty; Sep. 9, 2008

"One Annie storyline Schwartz described makes you wonder whether Ayn Rand had been reading the funnies with notepad in hand in the 1930s, when you think about Atlas Shrugged's Rearden metal: Annie befriends a homeless scientist, Eli Eon, inventor of Eonite, a cheap, easy-to-produce, indestructible material. Warbucks envisions it ending the Depression. Millions will work to mass-produce it, creating materials for housing that millions more will build. A corrupt union, led by John L. Lewis look-alike Claude Claptrap and liberal, long-haired journalist Horatio Hack, demands Warbucks give Eonite "to the pee-pul" or they'll strike. Their workers burn down Warbuck's factory (he hadn't gotten around to building it out of Eonite yet), killing Eon. The secret of Eonite, and to ending the Depression, dies with him."