Most of Paul Ryan's ideas come from works of fiction says NY Times, Paul Krugman. Int


B00Mer
No Party Affiliation
+1
#1
Most of Paul Ryan's ideas come from works of fiction says NY Times, Paul Krugman. Interesting read...





So far, most of the discussion of Paul Ryan, the presumptive Republican nominee for vice president, has focused on his budget proposals. But Mr. Ryan is a man of many ideas, which would ordinarily be a good thing.

In his case, however, most of those ideas appear to come from works of fiction, specifically Ayn Rand’s novel “Atlas Shrugged.”

For those who somehow missed it when growing up, “Atlas Shrugged” is a fantasy in which the world’s productive people — the “job creators,” if you like — withdraw their services from an ungrateful society. The novel’s centerpiece is a 64-page speech by John Galt, the angry elite’s ringleader; even Friedrich Hayek admitted that he never made it through that part. Yet the book is a perennial favorite among adolescent boys. Most boys eventually outgrow it. Some, however, remain devotees for life.

And Mr. Ryan is one of those devotees. True, in recent years, he has tried to downplay his Randism, calling it an “urban legend.” It’s not hard to see why: Rand’s fervent atheism — not to mention her declaration that “abortion is a moral right” — isn’t what the G.O.P. base wants to hear.

But Mr. Ryan is being disingenuous. In 2005, he told the Atlas Society, which is devoted to promoting Rand’s ideas, that she inspired his political career: “If I had to credit one thinker, one person, it would be Ayn Rand.” He also declared that Rand’s work was required reading for his staff and interns.

And the Ryan fiscal program clearly reflects Randian notions. As I documented in my last column, Mr. Ryan’s reputation for being serious about the budget deficit is completely undeserved; his policies would actually increase the deficit. But he is deadly serious about cutting taxes on the rich and slashing aid to the poor, very much in line with Rand’s worship of the successful and contempt for “moochers.”

This last point is important. In pushing for draconian cuts in Medicaid, food stamps and other programs that aid the needy, Mr. Ryan isn’t just looking for ways to save money. He’s also, quite explicitly, trying to make life harder for the poor — for their own good. In March, explaining his cuts in aid for the unfortunate, he declared, “We don’t want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency and complacency, that drains them of their will and their incentive to make the most of their lives.”

Somehow, I doubt that Americans forced to rely on unemployment benefits and food stamps in a depressed economy feel that they’re living in a comfortable hammock.

But wait, there’s more: “Atlas Shrugged” apparently shaped Mr. Ryan’s views on monetary policy, views that he clings to despite having been repeatedly, completely wrong in his predictions.

In early 2011, Mr. Ryan, newly installed as the chairman of the House Budget Committee, gave Ben Bernanke, the Federal Reserve chairman, a hard time over his expansionary policies. Rising commodity prices and long-term interest rates, he asserted, were harbingers of high inflation to come; “There is nothing more insidious that a country can do to its citizens,” he intoned, “than debase its currency.”

Since then, inflation has remained quiescent while long-term rates have plunged — and the U.S. economy would surely be in much worse shape than it is if Mr. Bernanke had allowed himself to be bullied into monetary tightening. But Mr. Ryan seems undaunted in his monetary views. Why?

Well, it’s right there in that 2005 speech to the Atlas Society, in which he declared that he always goes back to “Francisco d’Anconia’s speech on money” when thinking about monetary policy. Who? Never mind. That speech (which clocks in at a mere 23 paragraphs) is a case of hard-money obsession gone ballistic. Not only does the character in question, a Galt sidekick, call for a return to the gold standard, he denounces the notion of paper money and demands a return to gold coins.

For the record, the U.S. currency supply has consisted overwhelmingly of paper money, not gold and silver coins, since the early 1800s. So if Mr. Ryan really thinks that Francisco d’Anconia had it right, he wants to turn the clock back not one but two centuries.

Does any of this matter? Well, if the Republican ticket wins, Mr. Ryan will surely be an influential force in the next administration — and bear in mind, too, that he would, as the cliché goes, be a heartbeat away from the presidency. So it should worry us that Mr. Ryan holds monetary views that would, if put into practice, go a long way toward recreating the Great Depression.

And, beyond that, consider the fact that Mr. Ryan is considered the modern G.O.P.’s big thinker. What does it say about the party when its intellectual leader evidently gets his ideas largely from deeply unrealistic fantasy novels?


source: http://www.nytimes.com/2012/08/24/op...?smid=fb-share
 
jariax
+2
#2  Top Rated Post
Quote: Originally Posted by B00Mer View Post

Most of Paul Ryan's ideas come from works of fiction says NY Times, Paul Krugman. Interesting read...





So far, most of the discussion of Paul Ryan, the presumptive Republican nominee for vice president, has focused on his budget proposals. But Mr. Ryan is a man of many ideas, which would ordinarily be a good thing.

In his case, however, most of those ideas appear to come from works of fiction, specifically Ayn Rand’s novel “Atlas Shrugged.”

For those who somehow missed it when growing up, “Atlas Shrugged” is a fantasy in which the world’s productive people — the “job creators,” if you like — withdraw their services from an ungrateful society. The novel’s centerpiece is a 64-page speech by John Galt, the angry elite’s ringleader; even Friedrich Hayek admitted that he never made it through that part. Yet the book is a perennial favorite among adolescent boys. Most boys eventually outgrow it. Some, however, remain devotees for life.

And Mr. Ryan is one of those devotees. True, in recent years, he has tried to downplay his Randism, calling it an “urban legend.” It’s not hard to see why: Rand’s fervent atheism — not to mention her declaration that “abortion is a moral right” — isn’t what the G.O.P. base wants to hear.

But Mr. Ryan is being disingenuous. In 2005, he told the Atlas Society, which is devoted to promoting Rand’s ideas, that she inspired his political career: “If I had to credit one thinker, one person, it would be Ayn Rand.” He also declared that Rand’s work was required reading for his staff and interns.

And the Ryan fiscal program clearly reflects Randian notions. As I documented in my last column, Mr. Ryan’s reputation for being serious about the budget deficit is completely undeserved; his policies would actually increase the deficit. But he is deadly serious about cutting taxes on the rich and slashing aid to the poor, very much in line with Rand’s worship of the successful and contempt for “moochers.”

This last point is important. In pushing for draconian cuts in Medicaid, food stamps and other programs that aid the needy, Mr. Ryan isn’t just looking for ways to save money. He’s also, quite explicitly, trying to make life harder for the poor — for their own good. In March, explaining his cuts in aid for the unfortunate, he declared, “We don’t want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency and complacency, that drains them of their will and their incentive to make the most of their lives.”

Somehow, I doubt that Americans forced to rely on unemployment benefits and food stamps in a depressed economy feel that they’re living in a comfortable hammock.

But wait, there’s more: “Atlas Shrugged” apparently shaped Mr. Ryan’s views on monetary policy, views that he clings to despite having been repeatedly, completely wrong in his predictions.

In early 2011, Mr. Ryan, newly installed as the chairman of the House Budget Committee, gave Ben Bernanke, the Federal Reserve chairman, a hard time over his expansionary policies. Rising commodity prices and long-term interest rates, he asserted, were harbingers of high inflation to come; “There is nothing more insidious that a country can do to its citizens,” he intoned, “than debase its currency.”

Since then, inflation has remained quiescent while long-term rates have plunged — and the U.S. economy would surely be in much worse shape than it is if Mr. Bernanke had allowed himself to be bullied into monetary tightening. But Mr. Ryan seems undaunted in his monetary views. Why?

Well, it’s right there in that 2005 speech to the Atlas Society, in which he declared that he always goes back to “Francisco d’Anconia’s speech on money” when thinking about monetary policy. Who? Never mind. That speech (which clocks in at a mere 23 paragraphs) is a case of hard-money obsession gone ballistic. Not only does the character in question, a Galt sidekick, call for a return to the gold standard, he denounces the notion of paper money and demands a return to gold coins.

For the record, the U.S. currency supply has consisted overwhelmingly of paper money, not gold and silver coins, since the early 1800s. So if Mr. Ryan really thinks that Francisco d’Anconia had it right, he wants to turn the clock back not one but two centuries.

Does any of this matter? Well, if the Republican ticket wins, Mr. Ryan will surely be an influential force in the next administration — and bear in mind, too, that he would, as the cliché goes, be a heartbeat away from the presidency. So it should worry us that Mr. Ryan holds monetary views that would, if put into practice, go a long way toward recreating the Great Depression.

And, beyond that, consider the fact that Mr. Ryan is considered the modern G.O.P.’s big thinker. What does it say about the party when its intellectual leader evidently gets his ideas largely from deeply unrealistic fantasy novels?


source: http://www.nytimes.com/2012/08/24/op...?smid=fb-share

I wish more Republicans got their policy from Rand.
Then maybe they would all leave to this capitalist Utopia, and leave the rest of us to get by without them.

Unfortunately, they don't actually want to leave, they want to kick the rest of us out.
 
tay
+2 / -1
#3
Now Paul Ryan, who's been catching a wee bit of hell for his—oh, how to put this delicately? Blatant lying—is trying to score some cheap points by also clutching his pearls at the utter lack of theocratic devotion in the party platform. Which is pretty funny, considering that Paul Ryan is the same guy who claims that he's using his Catholic faith to help him calculate exactly how to end Medicare and food stamps and health care and all sorts of other things Jesus probably would have heartily endorsed because Jesus was actually pretty into all that taking-care-of-the-least-among-us stuff.


In fairness to Paul Ryan, he may not be as familiar with the Bible as, oh, say, Atlas Shrugged. After all, only one of those books is required reading for his staff because of the "sorely needed" instruction in "morality"—and it's not the one filled with Jesus.

That's why the Catholic bishops helped him out by explaining , in little itty bitty Ryan-sized words, how Ryan's budget was pretty much a mark of the Devil and was "unacceptable" for "moral and human reasons," as well as "unjustified and wrong."

“Our problem with Representative Ryan is that he claims his budget is based on Catholic social teaching,” said Jesuit Father Thomas J. Reese, one of the organizers of the letter. “This is nonsense. As scholars, we want to join the Catholic bishops in pointing out that his budget has a devastating impact on programs for the poor.” [...]


more

Daily Kos: Naughty Catholic Paul Ryan finds lack of theocracy in Democratic platform 'peculiar'
 
coldstream
+1 / -1
#4
Most people go through an Ayn Rand phase in their late teens. Then they grow out of it when they realize that all sustainable societies are founded in community and responsibility.. and sophisticated ecomomic structures aimed at maximizing technological development while providing for full employment and an equitable sharing of wealth.. all of which require good government.

Only the truly DIM hold on the Rand and her graven idol of greed into their middle age... with its super men of unmollified self absorption. Atlas Shrugged and Fountainhead are truly bad books.. both in literary merit and message.

Everything i hear about Ryan makes him ever more shallow and dumb. I guess he's there because he doesn't threaten Romney with any intellectual superiority.. as most people do.
Last edited by coldstream; Sep 5th, 2012 at 01:43 PM..
 
L Gilbert
No Party Affiliation
#5
Quote: Originally Posted by B00Mer View Post

Most of Paul Ryan's ideas come from works of fiction says NY Times, Paul Krugman. Interesting read...
source: http://www.nytimes.com/2012/08/24/op...?smid=fb-share

lol

http://online.wsj.com/article/SB10000872396390443759504577631421846851852.html?m od=googlenews_wsj
 
taxslave
Free Thinker
#6
SO is "work of fiction" a PC term for politician's lies?
 
Walter
#7
Which of Krugman's theories are working right now? He's been a cheer-leader for the Bamster and things ain't workin too good,
Last edited by Walter; Sep 5th, 2012 at 03:05 PM..
 
tay
#8
Despite the repeated mantra from the Romney-Ryan campaign that “ hard-working Americans are what create jobs, not government ,” Paul Ryan’s family business — for whom he briefly worked as a “marketing consultant” — was built in large part on government contracts. Salon reports Ryan Incorporated Central began in 1884 doing government-subsidized railroad construction, then moved into building federal interstate highways, and helped build O’Hare Airport.





Paul Ryan's Family Business Built On Government Contracts
 

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