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Entry: Confessions of a Bitter Old Reactionary Link: http://www.takimag.com/blogs/article/confessions_of_a_bitter_old_reactionary#23559 Post contents: Justin, I’d call it poetic justice, when a self proclaimed “libertarian” like you gets screwed by the real estate bubble and inevitable bailout by the FED, given the whole dang thing was orchestrated by Greenspan,---who as a member of the cult of Ayn Rand’s inner circle back in the 1970’s in NYC. It’s even more poetic justice, given you are so inspired by the “virtue of selfishness” of your intellectual hero, Ayn Rand. What did you think that “selfishness” was all about? Of course, we’re hearing from all the apologists for the “free market” about how wonderful this weird combination of free market fundamentalism--defined as the utopian idealism that the unfettered free market always moves toward balance and equilibrium---combined the Milton Friedman “monetarism” that enabled the FED to create unlimited credit to bail out the booms and busts that are the reality of the <sic> “free market”. So watching you get screwed by the whole process just is really juicy. Of course, who is really getting screwed by this is the working class guy who saves and scrimps the 20% to buy a regular mortgage, and then drives around in an old car to pay his mortgage while his wife works at the local drug store to keep the household budget in balance. And then he watches the “libertarian” down the street buy into a better house with no-down payment low interest loan, who takes out a second mortgage to buy a new pickup truck, get bailed out of his “selfishness” by the government. When you start to admit that “laissez faire” is a lot of crapola, then you might be able to get a clue about how this system of “free enterprise” really works. And how it works---in reality, not the utopianism of your heros like Von Mises, Hayek and Rothbard---makes a mockery of you and your life of “activism”. Sent at: 2008 07 06