Ayn Rand Institute: Alan Greenspan Betrayed Us and the Economy

Dr. Yaron Brook, president of the Ayn Rand Institute, says “Ayn Rand would have never advocated for the kind of policies Alan Greenspan instituted,” Brook says, citing the Fed’s 1% fed funds rate in the years after 9/11 as exhibit A: “By holding interest rates for two-and-a-half years below the rate of inflation, [Greenspan] encouraged the debt and credit boom we’re suffering the consequence of” today — and for the foreseeable future.