Set the Market Free

 Posted by on 23 January 2009 at 4:59 pm  Announcements
Jan 232009
 

An announcement from the Ayn Rand Center:

Set the Market Free: The Cure for the Financial Crisis A talk at American University

Who: Yaron Brook, executive director of the Ayn Rand Center for Individual Rights

What: A talk arguing that the financial crisis was caused by the government and can only be cured by the free market. An open Q&A will follow. A Q&A will follow.

Where: Mary Graydon Center Building, Room 3. 4400 Massachusetts Avenue, NW Washington, DC 20016.

When: Wednesday, January 28, 2009, at 7 pm.

Description: Virtually everyone today regards the financial crisis as a failure of the free market. In this talk, Yaron Brook, executive director of the Ayn Rand Center for Individual Rights, will argue that in fact it is the un-free market that has failed. It was not capitalism that held interest rates below the rate of inflation, spurring massive amounts of borrowing and a housing boom. It was not capitalism that gave us Fannie Mae and Freddie Mac, which promoted subprime lending and helped fuel the boom. It was not capitalism that gave us deposit insurance and the “too big to fail” doctrine, which encouraged risky financial practices. These, and many anti-capitalist measures like them, Dr. Brook will argue, laid the groundwork for the financial crisis. The only cure, according to Dr. Brook, is to set the market free. But to do that, Americans must embrace capitalism as a moral system–one that should be defended without guilt.

Admission: FREE. Open to students and the public

Bio: Dr. Yaron Brook is president and executive director of the Ayn Rand Center for Individual Rights and a contributing editor of “The Objective Standard.” A former finance professor, he has been published in academic as well as popular publications, and his opinion-editorials appear in major newspapers. He is frequently interviewed on national TV and radio. Dr. Brook lectures on Objectivism, business ethics and foreign policy at college campuses, community groups and corporations across America and throughout the world.

   
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