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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (103021)	5/5/2009 5:49:30 PM
From: Robin Plunder	3 Recommendations of 110194

"My dad mentioned this book a couple times. I wouldn't mind positive or neutral or scathing comments -- short & sweet. I remember Ayn Rand's work being talked about at times, but don't recall the gist of those comments." Most of the problems we have today are due to the use of poor thinking habits..eg, most of us have not understood the nature of money (fiat vs real), have not understood the nature of derivatives (credit default swaps have not been backed by loss reserves), the limits to ability to sustain debt in an economy (4x debt to gdp today vs ~1.8 x debt to GDP in 1929)...and probably many other examples that folks here can think of, related to our political system and economy. The most fundamental achievement of Ayn Rand was to show how knowledge is derived from observation of this world...an antidote to faith-based money, faith-based ethics, faith-based politics, faith-based knowledge. If we practice sound methods of thought, we can avoid many of the difficulties we are currently experiencing...in the absence of sound methods of thought...we have the chaos that we are currently experiencing... rp

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