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Set the Market Free: The Cure for the Financial Crisis
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Posted by Steven Rogers on 3/26/2009 21:00: IP: 75-27-132-33.lightspeed.austtx.sbcglobal.net
A talk at the University of Texas, Austin
Who: Yaron Brook, president and executive director of the Ayn Rand
Institute
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.
Where: Jester Auditorium, room 121A, University of Texas, Austin
campus, Austin, TX 78712
When: Thursday, April 2, 2009, at 8:00 pm
For maps and directions, click here http://www.utexas.edu/maps/
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 Institute, 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 anticapitalist 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 Institute and is a contributing editor to The Objective Standard. A
former finance professor, he has published in academic as well as
popular publications. He is frequently interviewed in the media and on
the Fox Business Network to debate and discuss current economic and
business news. His columns and opinion-editorials are regularly
published in major newspapers. Dr. Brook lectures on Objectivism,
business ethics, and foreign policy at college campuses, and for
community groups and corporations across America and throughout
the world.
For more information on this talk, please e-mail Alan McKendree at
utobjectivism@gmail.com