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Bailout...or Blank-out...

Posted on Friday 10 October @ 04:49:17
Philosophy In recent news, we have seem ample evidence of how reality always has the last laugh—even for those who seek to avoid it. Ayn Rand's magnum opus Atlas Shrugged depicts how savages think the utterance of magic words can save them from external facts and the nature of reality as it truly is.


In the climactic speech of John Galt, we see this essence neatly captured: "Dropping below the level of a savage, who believes that the magic words he utters have the power to alter reality, they believe that reality can be altered by the power of the words they do not utter—and their magic tool is the blank-out, the pretense that nothing can come into existence past the voodoo of their refusal to identify it."

In perhaps the most elegant summary of how antiseptic sunlight is to such primitive thinking, Ed Cline's recent piece in Capitalism Magazine is something not to be missed. I savored every single word of truth ringing from this essay, even as I marvel that so few are laying bare the true essence and cause of this current market misery—and its equally miserable remedy of treating disease with more disease. I hope you enjoy it as much as I did.

To read Ed's full article, click here.


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