Atlas Shrugged on Floor Displays at Largest Bookstores

Atlas Shrugged on Floor Displays at Largest Bookstores

Washington, D.C., June 29, 2009– Shortly after Independence Day, new free-standing floor displays of Ayn Rand’s novel Atlas Shrugged, first published 52 years ago, will be placed in more than 850 bookstores across the United States. Borders will display the novel’s trade edition at 520 of its stores and Waldenbooks will feature the mass market paperback edition at 336 of its stores. Thousands of copies of Atlas Shrugged will be on display.

Barnes & Noble also had copies of Atlas Shrugged for sale in special floor displays in most of its bookstores from late May into early June.

According to Dr. Yaron Brook, executive director of the Ayn Rand Center for Individual Rights, “This is the most prominent and widespread display for this novel in all of its publishing history. It is particularly remarkable because it comes more than a half century after its initial publication.

“The fact that the largest bookstore chains in America have chosen to make such a prominent display of Atlas Shrugged is a testimony to the current and growing interest in Ayn Rand’s novels and ideas, and an encouraging sign for America’s future.

“As Americans confront the scary growth of government control over their lives and the economy, they need, more than ever, to learn about Ayn Rand’s conception of a new morality of rational self-interest and her unprecedented defense of freedom and individual rights.”

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Record Number of People Are Listening to Atlas Shrugged

Record Number of People Are Listening to Atlas Shrugged

Washington, D.C., June 22, 2009–The Ayn Rand Center for Individual Rights and the media have been reporting on the surge in sales of Ayn Rand’s classic novel Atlas Shrugged over the last six months. Not surprisingly, sales of the Atlas Shrugged audio book are also making impressive gains.

According to Blackstone Audio, one of the publishers of the full text audio edition of Atlas Shrugged, 16,000 audio copies of the novel were sold in the first five months of 2009, compared to around 20,000 in all of 2008. “This is a huge increase,” noted Dr. Yaron Brook, executive director of the Ayn Rand Center for Individual Rights. “This year audio copies of Atlas Shrugged are selling at about twice the rate as last year.”

Reports from trade sources have indicated that book purchases of Atlas Shrugged have also spiked recently, having tripled in the first four months of 2009 compared to the first four months of 2008. “The tripling in sales of Atlas Shrugged is remarkable,” said Dr. Brook, “especially considering that in 2008 a new all-time record in annual sales of the novel was established with more than 200,000 copies sold in the United States.”

More than 6,500,000 copies of Atlas Shrugged have been sold to date.

“Given the striking similarities between the plot-line of the book and the events of our day, more Americans are reading and listening to Atlas Shrugged than ever before,” said Yaron Brook. “Hopefully, they will find in Atlas Shrugged the principled solutions to the problems we face today.”

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He’s No Rand Disciple

By Alex Epstein (Published in American Banker, May 20, 2009)

In a recent story about former BB&T CEO John Allison’s support of Ayn Rand’s laissez-faire ideas, including a gold standard, (“Allison Shrugs”) American Banker repeats an unfortunate misconception about Rand, one that is often used to undermine anyone who agrees with her: “Even former Federal Reserve Board Chairman Alan Greenspan, Rand’s most famous student, has backed away from her ideas as the financial crisis has deepened.”

But Greenspan can’t “back away” from something he hasn’t believed or supported for decades. Remember, this is a man who for two decades reveled in wielding the manipulative power granted to him as Fed Chairman–a job he once (rightly) argued should not exist. The New York Times called him “the infallible maestro of the financial system.” Free markets don’t have “infallible maestros”; they liberate us from such “maestros”–the central planners who have time and again falsely claimed the ability and the right to orchestrate (dictate) millions of economic lives.

Greenspan long ago degenerated into another central planner–and a particularly bad one, both because of his highly inflationary policies (a fundamental cause of the crisis) and because he implemented them under the banner of laissez-faire. If one wishes to understand or argue with the laissez-faire ideas of Ayn Rand, Alan Greenspan is the last person to look to. He stands for free markets about as much as a Chinese censor stands for free speech.

Diplomacy Encourages North Korea’s Belligerence

Washington, D.C., May 28, 2009–In reaction to North Korea’s explosion of what appears to have been a nuclear device and its launching of long-range missiles, Elan Journo, fellow at the Ayn Rand Center for Individual Rights, said America should stop appeasing North Korea’s dictatorial regime and face up to the enormous threat it poses.

“The US should stop rewarding North Korea for its aggression.

“North Korea has become a significant threat precisely because we have appeased it for years with boatloads of oil, food and money.

“The pattern of America’s suicidal diplomacy is clear: the North threatens us, we respond with negotiations, gifts and concessions, and it emerges with even greater belligerence.”

According to Mr. Journo, this cycle of appeasement was made possible by the fact that our political and intellectual leaders cling to the amoral fiction that North Korea shares the basic goal of prosperity and peace. “This fantasy,” said Mr. Journo, “underlies the notion that the right mix of economic aid and military concessions can dissuade North Korea from its nuclear ambition. It evades the fact that the North is a militant dictatorship that acquires and maintains its power by force, looting the wealth of its enslaved citizens and threatening to do the same to its neighbors.

“Years of rewarding a petty dictatorship for its belligerent actions did not disarm it, but helped it become a significant threat to America.

“There is only one solution to the ‘North Korea problem’,” concluded Mr. Journo: “the United States and its allies must abandon the suicidal policy of appeasement.”

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Sotomayor Unqualified for Supreme Court

Washington, D.C. – May 27, 2009–“Judge Sonia Sotomayor is unqualified to sit on the Supreme Court of the United States,” said Thomas Bowden, an analyst at the Ayn Rand Center for Individual Rights. Sotomayor was nominated yesterday for the seat being vacated by the retiring Justice David Souter.

“What disqualifies Judge Sotomayor,” said Bowden in his new commentary at the Voices for Reason blog, “is a judicial philosophy that explicitly rejects objectivity and impartiality. She has declared that ‘the aspiration to impartiality is just that–it’s an aspiration because it denies the fact’ that ‘our experiences as women and people of color affect our decisions.’

“Elsewhere in her 2001 speech titled ‘A Latina Judge’s Voice,’ she noted that judges are typically unable to ‘transcend . . . personal sympathies and prejudices’ and that ‘gender and national origins may and will make a difference in our judging.’ She also stated that ‘there is no objective stance but only a series of perspectives.’

“Referring repeatedly to her ‘Latina soul’ and ‘Latina identity,’ Sotomayor rejected the view often expressed by the Court’s first female Justice, Sandra Day O’Connor, that ‘a wise old man and a wise old woman will reach the same conclusion in deciding cases.’

“On the contrary, Sotomayor said, ‘I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life.’

“This is a blatant endorsement of subjective emotional decision-making, which has no place on the Court and will swiftly corrupt what’s left of its integrity,” said Bowden.

“The Supreme Court has a solemn duty to interpret and apply the Constitution. That is an intellectual task requiring ruthless objectivity–which, contrary to Judge Sotomayor, is not an illusory ‘aspiration’ but a requirement of justice.

“A conscientious judge strives to banish all emotional influences from the decision-making process. But here is Judge Sotomayor declaring herself helpless to resist–indeed, even welcoming–the influence of personal intuitions that cannot be grasped or shared by persons of another gender or ethnicity.

“Although Judge Sotomayor has many of the tools necessary for service on the Supreme Court–judicial experience, intelligence, legal knowledge–she has adopted a philosophy of judging that makes all of those qualities irrelevant.

“The Senate Judiciary Committee should expose Judge Sotomayor’s dangerous judicial philosophy, and the Senate should vote to reject her nomination.”

CO2 Restrictions Threaten Human Life

CO2 Restrictions Threaten Human Life

Washington, D.C., April 30, 2009–The Environmental Protection Agency’s “finding” that carbon dioxide emissions endanger “the health and welfare of current and future generations” is absurd, said Alex Epstein, analyst at the Ayn Rand Center for Individual Rights. According to Mr. Epstein, the real danger to Americans’ “health and welfare” is policies designed to fight global warming by throttling energy sources that emit CO2.

“Carbon energy has been and remains vital to the industrial society that has doubled human life-expectancies, and, among a million other benefits, enables us to cope with all manner of changes in climate.

“Right now,” Mr. Epstein pointed out, “carbon-based sources of energy produce the most, cheapest energy, period—while sunshine and wind gusts, despite decades of subsidies and propaganda, produce an expensive 1 percent of our energy.

“If scientists and entrepreneurs can discover and implement superior sources that happen not to emit CO2, at better prices than today’s energy sources, great. But whether that happens or not, we need to recognize that our ‘health and welfare’ depend on free markets producing industrial-scale energy above all else—and that anyone who tries to shut down life-giving coal plants and oil rigs, in the name of avoiding bad weather, is an enemy of humanity.”

 

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Pakistan’s Surrender to the Taliban

Pakistan’s Surrender to the Taliban

Washington, D.C., April 23, 2009–In reaction to the Pakistani government’s decision to give Islamists the power to enforce sharia (Islamic law) in the north of the country, Elan Journo, fellow at the Ayn Rand Center for Individual Rights, warned that all of Pakistan is at risk of falling under Islamic rule.

According to Mr. Journo, “Instead of living up to its stated goal of opposing the Islamists, by defeating them militarily, Islamabad has opted for the losing policy of appeasement–a policy that can only strengthen the jihadists.” If the current trend of appeasement continues to unfold, argued Mr. Journo, nuclear-armed Pakistan may soon “look a lot like Taliban-controlled Afghanistan.”

Just like other cases of appeasement, noted Mr. Journo, Pakistan’s surrender “was predicated on willfully ignoring crucial facts about the goals of the Islamists–goals that are well known. For the last three-odd decades, jihadists all over the world have been vocal in asserting their ultimate aim of expanding Allah’s dominion across the face of the earth. Not alongside other forms of government, but in place of them.

“By evading the Islamist movement’s nature,” concluded Mr. Journo, “Pakistan has handed it a signal victory–the Swat Valley today, plausibly the rest of Pakistan tomorrow.”

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Obama Evades Government’s Role in the Crisis

Obama Evades Government’s Role in the Crisis

Washington, D.C., April 10, 2009–In an op-ed published this week by Canada’s Financial Post, Alex Epstein, analyst at the Ayn Rand Center for Individual Rights, argued that “In calling for a massive increase in government control over the economy,” Obama “has evaded the mountain of evidence implicating the government.”
 
The primary cause of the current crisis, explained Mr. Epstein, was “drastic attempts by the government to control the housing and financial markets–via a Federal Reserve that cut interest rates to all-time lows, and via a gigantic increase in Fannie Mae and Freddie Mac’s size and influence.” Through these entities, Epstein pointed out, “the government sought to ‘stimulate the economy’ and promote homeownership by artificially extending cheap credit to home-buyers.”
 
But, Mr. Epstein noted, Obama did not mention the Fed, Fannie, or Freddie even once, during his recent 52-minute speech to Congress. “Not once did he suggest that government manipulation of markets could have any possible role in the present crisis. He just went full steam ahead and called for more spending, more intervention, and more government housing programs as the solution.”
 
But the “fundamental solution to our problems,” said Epstein, is “to disentangle the government from the markets to prevent future manipulation.” To achieve that, Epstein concluded, we need to consider “pro-free-market remedies such as letting banks foreclose, letting prices reach market levels, letting bad banks fail, dismantling Fannie and Freddie, ending bailout promises, and getting rid of the Fed’s power to manipulate interest rates.”

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National Service Is Un-American

Washington, D.C. – By a wide (79-19) margin, the Senate approved a bill, the Serve America Act, last week that will massively expand so-called community service programs. Boosters have gushed that “This legislation represents the best of America’s ideals,” but according to Elan Journo, fellow at the Ayn Rand Center for Individual Rights, “the Serve America Act represents a repudiation of the best of America’s ideals.”

“What made America unique in history,” said Journo in the Voices for Reason blog, “was its foundational political-moral recognition that each individual has a right to live for his own sake and pursue his own happiness, and that he has no duty to subordinate his time or effort to any allegedly higher good-neither his neighbor, nor the community, nor the government.”

Mr. Journo warned us to “not believe that pushers of ‘national service’ want it to remain voluntary,” and recalled that “past initiatives of this kind made receiving a high school diploma contingent on fulfilling a service requirement. They’ve now succeeded in expanding the gambit. What’s the end game? Compulsory service as a requirement of maintaining citizenship? There’s now good reason to believe that could become a reality.”

To learn more about the Ayn Rand Center’s opposition to “national service” initiatives, read the following two articles, one released during the Clinton administration, the other released during G.W. Bush’s administration.

Britain Should Start "Easing" Government Stranglehold on the Economy

By Alex Epstein (Sunday Telegraph, March 8, 2009)

Responding to a crisis caused by the inflationary policies of central banks, the Bank of England has decided to generate still more inflation, just in a different form: “quantitative easing.” And so Britain, along with the rest of the world, continues to fight fire with petrol.

If Britain really wants to solve its financial crisis, why doesn’t it start “easing” the government stranglehold on the economy that caused this mess? What about stripping away housing restrictions that prevented supply from keeping up with demand? What about slashing the massive government spending that crowds out private ventures? What about ending the policy of propping up insolvent financial institutions, a policy that only freezes taxpayers’ capital?

And what about calling for an international free banking system and gold standard that would make a credit crisis like today’s impossible?

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