Dr. Edward Hudgins, who directs advocacy and is a senior scholar at The Atlas Society, took part in a recording of "The Stossel Show" on January 28, 2010. The topic of the show is"The Road to Serfdom."
Read Article : Hudgins on Stossel Show
Clifford Asness recently posted an open letter, "Unafraid in Greenwich," in which he attacks the Obama Administration for smashing the basic legal rules that protect creditors and allow for orderly and just bankruptcy proceedings. In the deals the Administration has brokered for the Chrysler bankruptcy, the creditors get short shrift so that a favorite Democratic donor group, the UAW, can seize control of the company. The deal has been made possible by bullying tactics that use the power of government coercion as the ultimate threat to bring the owners of Chrysler's debt to the table. "When hedge funds, pension funds, mutual funds, and individuals, including very sweet grandmothers, lend their money they expect to get it back.... [But] without [the bankruptcy] recovery process nobody would lend to risky borrowers. Essentially, lenders accept less than shareholders ([which] means bonds return less than stocks) in good times only because they get more than shareholders in bad times." Asness is managing and founding partner at AQR Capital Management, a notable financial firm. He...
Read Article : TAS Trustee Asness Denies Obama the Sanction of the Victim
David Kelley, The Atlas Society founder and chairman, was quoted in a January 9, 2009 Wall Street Journal article entitled "Atlas Shrugged: From Fiction to Fact in 52 Years."
In that piece, senior economics writer Stephen Moore reviewed the parallels between the events in Ayn Rand's path breaking novel and in the world in which we now live. In the pages of Rand's fiction and in corridors of power in Washington today we see politicians crippling and punishing productive entrepreneurs in the name of stamping out "greed", restricting economic freedom in the name of preventing destructive "dog-eat-dog" competition, and subsidizing failed enterprises with taxpayer dollars in the name of protecting essential industries.
Moore has a long public policy background. He worked at the Heritage Foundation, the Joint Economic Committee of the U.S. Congress, and the Cato Institute. He also headed up the Club for Growth.
In Steve's WSJ piece, Kelley explains that "the older the book gets, the more timely its message." Concerning the planned cinematic treatment of Atlas, Kelley joked that "We don't need to make a movie out of the book" because "we are living it right now."
Read Article : David Kelley quoted in Wall St. Journal
A Note to Our Members About Open Objectivism
October 17, 2008
They say that fish can’t see the water they swim in. It’s a common analogy for the tendency to take our basic values and principles so much for granted that they become invisible. But to stay on track, we sometimes need to make those values and principles conscious, to remind ourselves where we are going, and why.
Read Article : Open Objectivism
To mark Tax Day 2008, Dr. Edward Hudgins spoke on the civil war created by our moral monstrosity of a tax system ta a press conference at the National Press Club in Washington, D.C., sponsored by Americans for Tax Reform. Other speakers included Rep. Pauil Ryan (R-WI), Rep. Tim Walberg (R-MI), Sen. Kay Bailey Hutchison (R-TX), and Sen. Arlen Specter (R-PA). You can read the text below or watch Ed on YouTube at http://youtube.com/watch?v=pYOZ3kQERpI.
Read Article : Hudgins Speaks at Tax Day 2008 Event