It's really saying something that today's Republican party is to the right of Milton Friedman on monetary policy!
By Paul Krugman
August 11, 2013 | New York Times
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"I do not believe in democracy. I think it stinks. I don’t think anybody except direct taxpayers should be allowed to vote. I don’t believe women should be allowed to vote at all. Ever since they started, our public affairs have been in a worse mess than ever."
"The public reporting would present a single fact—the amount of a contributor’s donation—to casual readers, persons having only a cursory interest in the matter at issue, persons who would not and perhaps could not possess all the facts.These folks of the so-called public thus receive only oversimplifications or half-truths from which only erroneous conclusions are almost certain to be drawn. If there is a public interest in the rightness or wrongness of corporate or personal donations to charitable, religious or education institutions, and I am not at all ready to concede that there is, then that interest should be guarded by some such agency as the Bureau of Internal Revenue, an agency that is in a position to obtain all the facts, not by Mr. John Public who lacks relevant information for the forming of sound judgments...Public reporting of a half-truth is indeed a significant provocation."
"They were now busily co-operating on the new project which the foundation had engaged Milton Friedman and George J. Stigler to write. It was to be called Roofs and Ceilings and it was to be an outright attack on rent controls.When Nelson received a copy of the manuscript he wrote Read to say, “The pamphlet...is a dandy. It is just what I wanted."
"[Read] would never explicitly scrape for funds... He never directly asked anyone to give anything, he proudly insisted, and while FEE would sell literature to all comers, it was also free to anyone who asked. His attitude toward money was Zen, sometimes hilariously so. When asked how FEE was doing financially, his favorite reply was, “Just perfectly.”... Read wanted no endowments and frowned on any donation meant to be held in reserve for some future need."
"It is difficult to avoid the conclusion that the Foundation for Economic Education exerts, or at least expects to exert, a considerable influence on national legislative policy....It is equally difficult to imagine that the nation’s largest corporations would subsidize the entire venture if they did not anticipate that it would pay solid, long-range legislative dividends."
“Certainly [the FEE’s] booklet, Roofs or Ceilings, was definitely propaganda and sought to influence legislation....This booklet was printed in bulk by the foundation and half a million copies were sold at cost to the National Association of Real Estate Boards, which had them widely distributed throughout the country by its far-flung network of local member boards.”
The reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand.... I grew up reading Ayn Rand and it taught me quite a bit about who I am and what my value systems are, and what my beliefs are. It's inspired me so much that it's required reading in my office for all my interns.
Umhoefer also laments what he calls an excess of individualism in America that is sometimes abetted by politicians. He prepared for (Center for Media and Democracy) CMD a section of the church catechism, which states that the church "has refused to accept, in the practice of 'capitalism,' individualism and the absolute primacy of the law of the marketplace over human labor." Umhoefer said that he doesn't mean to accuse Ryan of choosing individualism as a creed over community, but that Ryan's promotion of Ayn Rand to his staff and others is "an alternative universe of which he is a member.... What I call an excessive attitude of individualism is doing a great deal of harm to us as a society because we are forgetting society values," said Umhoefer."What I wish for Paul -- he is so smart and so articulate and has made this whole budget, which he can defend on his own view ... of how the economy and politics work. I wish he wouldn't bring in the Catholic church. He doesn't need to if his economic and political argument are strong, and I'm sure he believes that they are."
[Paul] Ryan has now predictably backtracked [on his love of Ayn Rand]. "I reject her philosophy. It's an atheist philosophy. If somebody is going to try to paste a person's view on epistemology to me, then give me Thomas Aquinas." By the way, this is the same Thomas Aquinas who insisted that, "Man should not consider his material possession his own, but as common to all, so as to share them without hesitation when others are in need," thus espousing the very collectivism that Rand so loathed.
The trouble is that Christianity in the US has become so widely hijacked by the right that not enough people will actually notice. As the Ryan case aptly demonstrates, the Christian right is neither: that is, Christian nor right.
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The dread of democracy by libertarians and classical liberals is justified. Libertarianism really is incompatible with democracy. Most libertarians have made it clear which of the two they prefer. The only question that remains to be settled is why anyone should pay attention to libertarians.