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Robin Oakman's avatar

Great piece. And I could relate to every stage of life, now that I am 70 years old.

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Edward Hackett's avatar

Born and raised in Russia, she experienced some terrible times under communism. This colored her outlook on economics and helped create a philosophy called Objectivism. Most of us who have read and sometimes re-read her books take them as good fiction, but some people take them literally, and this leads to bad outcomes - in my opinion. As far as I know, she never studied classical economics, not even the Austrian School, which would have given her some better ideas.

One American who is said to follow her teachings was Federal Reserve Chairman Alan Greenspan. He served five terms as Chairman, and an analysis of his terms in office is beyond the scope of my ramblings.

I feel you care too much for other people to accept her philosophy, but she has some interesting views. As Sun Tzu stated in the "Art of War," know your enemy. For this reason, I read a fair amount of conservative opinions from writers who haven't fallen off the edge of rationality.

This does not include those who believe in the school of PB&T sandwiches - as long as they have a beer or bourbon chaser.

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