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Was Adam Smith a Marxist?
C.W. Griffin, The Humanist
Alan Greenspan |
Atlas Shrugged |
Capitalism |
If former Federal Reserve Chairman Alan Greenspan had read Adam Smith instead of Ayn Rand’s Atlas Shrugged (a diatribe against all forms of government regulation), we would probably have avoided the catastrophic loss of 4.5 million jobs and a 2.7 percent decline in the 2008 GDP, a financial meltdown that continues to plague the U.S. economy. Republican anti-regulatory zealots nonetheless persist in their colossal ignorance of their presumed economic mentor.
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