Thursday, October 16, 2008

Going John Galt?

Bailouts and Bankruptcies
Economics and Earmarks
Volatility and Valuations
Commodity Prices and Credit Spreads
Markets and Mortgages
Derivatives and the Dow

So much to worry about...

Dr. Helen asks "Is it time to go John Galt?"

Do you ever wonder after dealing with all that is going on with the economy and the upcoming election if it's getting to be time to "go John Galt." For those of you who have never read Ayn Rand's Atlas Shrugged, the basic theme is that John Galt and his allies take actions that include withdrawing their talents, 'stopping the motor of the world', and leading the 'strikers' (those who refuse to be exploited) against the 'looters' (the exploiters, backed by the government).

Since I tend to be a "glass half full" person I'm not ready to go to Galt's Gulch.

Claudia Rosett from her Forbes.com article Counting America's Successes writes

And yet, despite the drum roll of crises above, America over the years has found ways not only to cope but to lead the world into an era of extraordinary opportunity and progress.

Let's hope that she's right.
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1 comment:

photoman said...

Who is John Galt?

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