Junto Newsletter – December 2012: Lots to read and do

December 1, 2012

* NEW Junto meeting Dec. 6
* NEW Upcoming Junto speakers through April 2013
* NEW Obama vs. Rand on what made America great
* NEW Making medical care affordable 
* NEW Ayn Rand Institute eStore sells low price MP3s 
* NEW "MacGyvers" born in the superstorm in New York
* NEW "Ayn Rand Explained: From Tyranny to Tea Party" 
* NEW Atlas University launched by The Atlas Society
* NEW What's gained by reading Peikoff on Objectivism
* NEW Online self teaching -- "unschooling" happening
* NEW Regulators and media destroying a brilliant career
* NEW Objectivists present talks with other groups
* NEW "Shark Tank," entrepreneur and investor TV series
* NEW "The Evidence of the Senses" available free
* NEW Online group studying Peikoff's "DIM Hypothesis"
* NEW Free Objectivist webinars
* NEW "The Origin of State and Government"
* NEW "Free Market Revolution" reviewed in Forbes 
* NEW Under capitalism, the poor are the biggest beneficiaries    
* NEW Math museum opening Dec. 15, at 26 St., off 5th Ave.
* NEW ''Atlas Shrugged'' Reading Group, Sat., Dec. 15
* NEW New York City Ayn Rand Meetup, Sun., Dec. 30
* NEW A report on "Alexander Hamilton" by Robert Begley
* NEW "Financial Crisis & Bank Deregulation Myth" Allison
* NEW John Allison at Heritage Foundation, Wed., Jan. 16
* NEW Bastiat Institute offers 350 free downloadable books
* NEW People discover Ayn Rand's ideas in many ways
* NEW Atlas Summit 2013: June 27 through 30
* NEW Objectivist and libertarian groups and sites.
* Ayn Rand walking tours
* NYCjunto-discuss list
* About this newsletter
Junto is a group that shares information,
discusses current issues and presents speakers

Wayne Leighton
"Madmen, Intellectuals, and Academic Scribblers: 
The People Who Drive Political Change, and How They Do It"

Thursday, December 6 

Admission Free -- No reservation necessary
* We'll socialize from 7:00pm to 7:30pm.
* 7:30pm moderator, Gene Epstein calls first for announcements 
    of things happening before the next Junto. Then other 
    announcements and for people introducing themselves.
* The speaker will begin promptly at 8:00pm and talk about 
    45 minutes, uninterrupted.  
* Following the talk are questions, discussions and rebuttal 
    of the speaker's points. Discussions are intense but polite.
* The meeting will continue to 10:00pm or later.

General Society Library, 
20 West 44 St., between 5th and 6th Aves., NYC
near the Grand Central Terminal

Subway: 4, 5, 6, S to Grand Central -- 42nd St. 
B, D, F, 7 to 42nd Street -- Sixth Ave. at Bryant Park 
A, C, E, N, Q, R, S, 1, 2, 3 to Times Square -- 42nd St.

Bus: M1, M2, M3, M4, M5, M42, M98, M101, M102, M104, Q32

Train: MTA Metro-North Railroad to Grand Central 

Car: Some private parking facilities in the area. Parking on 
side streets is metered, limited to specific days and times.

* Participation by all attendees is highly encouraged.
* Junto meets on the first Thursday of every month.

Wayne Leighton 
    He's co-author with Edward Lopez of "Madmen, 
Intellectuals, and Academic Scribblers: The Economic Engine"
    From the Amazon description: Does major political reform 
require a crisis? When do new ideas emerge in politics? How 
can one person make a difference?
    In short: how and when does political change happen? 
"Madmen" tackles these big questions, arguing that ideas and
entrepreneurship are the key ingredients in any episode of 
political change. Authors Wayne A. Leighton and Edward J. 
López begin with the first lesson in economics -- incentives 
matter -- and artfully explain how the lesson applies throughout 
political life. Incentives explain why democracies often
generate policies that impose net costs on society, and why 
these inefficient policies persist for years.
    ..."Madmen" goes beyond incentives to offer a framework in 
which political change channels its way from ideas in society, 
through society's shared institutions...then shape incentives. 
This type of change is seldom easy, because new ideas for 
shaping the rules of the game must overcome two forces in 
society: widely shared beliefs and powerfully vested interests. 
Yet at certain political moments...shared beliefs and vested 
interests begin to weaken, and the opportunity for reform 
emerges...."Madmen" shows why certain inefficient policies 
eventually get repealed (e.g., airline rate and route regulation), 
while others endure (e.g., sugar subsidies and tariffs).
    Drawing on the history of Western political ideas, both 
in theory and in practice, "Madmen" matches up three key 
ingredients -- ideas, rules, and incentives...: "madmen in 
authority" (such as FDR & Margaret Thatcher), "intellectuals" 
(like George Will or Jon Stewart), and "academic scribblers" 
(in the vein of Friedrich Hayek and John Maynard Keynes).
    Read the rest of this description at:
    Wayne's a professor economics, Universidad Francisco 
Marroquín (UFM) in Guatemala, executive director of the 
Antigua Forum and senior expert at Navigant Economics, LLC.
    He teaches courses and seminars in economics, political 
economy and management to students in business, economics 
and law. He leads a faculty seminar on economics and 
evolutionary psychology and another seminar on Marxist 
theory and its critics.
    Wayne directs the Antigua Forum, which he's led 
since it began in 2010 at UFM. It creates a unique learning 
environment for highly leveraged, high-profile political 
reformers from around the world. 
    In particular, the Antigua Forum focuses on helping these 
individuals learn how to achieve market liberal reforms. 
    With Navigant Economics, he's provided economic analysis 
on telecommunications regulatory issues to clients in the U.S., 
Latin America and Africa.
    Wayne served ten years in senior advisory positions in the 
U.S. government, including at the Federal Communications 
Commission and the U.S. Senate Committee on Banking, 
Housing and Urban Affairs.
    Prior to that, he was executive vice president of the Charles 
G. Koch Charitable Foundation.
    A native of Fort Worth, Texas, Wayne has lived in
Guatemala City, Mexico City, Washington, DC and Wichita, 
Kansas. He currently divides his time between Guatemala and 
Washington, DC where he lives with his wife. 
    Visit his page to see two videos, to learn more about him 
and get his speaking schedule:

Visit Junto's site for information on current & past speakers,
to read previous newsletters and to sign up for the Junto 
    Visit Junto on Facebook: 
    Follow Junto on Twitter:
Junto focuses on libertarianism, Objectivism and investing.
Our founder and host is Victor Niederhoffer. 
    Visit his site at: 
Please email the above text to your freedom loving friends 
who might be interested in Junto.
    Feel free to use the above text to promote Junto among 
libertarians, Objectivists and investors.

Come to Junto, meet these upcoming speakers:

* Jan. 3, Donald J. Boudreaux, George Mason U. econ. prof., 
will talk about "Half-Wits & Hypocrites: Dealing with 
Economic Nonsense," author of "Hypocrites & Half-Wits: 
A Daily Dose of Sanity from Cafe Hayek." Read his essays 
and letters to editors here:

* Feb. 7, Ivan Eland, sr. fellow, dir, Center on Peace and
Liberty, Independent Institute, author "The Empire has No 
Clothes: U.S. Foreign Policy Exposed" and "No War for Oil: 
U.S. Dependency and the Middle East." Visit his page:
we'll celebrate Ayn Rand's 108th birthday. Learn about her and 
her philosophy Objectivism at: 

* Mar. 7, Brink Lindsey, senior fellow, Cato Institute: trade 
policy, globalization, U.S. social & cultural history, nature 
of human capital. Currently researching economic growth 
and policy barriers that impede it. Read more about him:

*April 4, Matt Welch, editor in chief Reason, the libertarian 
magazine of ''Free Minds and Free Markets,'' co-author ''The 
Declaration of Independents: How Libertarian Politics Can 
Fix What's Wrong with America.'' Read more about him at:

Obama vs. Rand on what made America great
    Oct. 25, 2012, by Debi Ghate, on the Voices for Reason blog
"So President Obama has read Ayn Rand"
    "Contrasting his ideas with what he takes to be Rand's 
outlook, he tells Rolling Stone [magazine]: "That view of life -- 
as one in which we're all connected, as opposed to all isolated 
and looking out only for ourselves -- that's a view that has 
made America great." Though I don't think President Obama 
understood Ayn Rand's ideas (based on his description of them), 
it's clear that he and Ayn Rand would have fundamentally
disagreed about the source of America's greatness....
    "President Obama's view that we are 'all connected' to one 
another means that each individual is subordinated to society, 
that each individual bears a responsibility to society as a whole. 
It's on this basis that he and others from all parts of the political 
spectrum work to implement their particular views on how to 
redistribute wealth, disposing of the life and work of individual 
Americans in the process.
    "But it was America's explicit rejection of such ideas, and 
her pursuit of and respect for individualism, that made this 
country great."
    This is from the blog Voices for Reason at:
    Voices for Reason has multiple answers to the President:
    You can get a free subscription to this daily blog, Voices for 
Reason, from the Ayn Rand Center for Individual Rights:

Making medical care affordable
    This is from the Gene Epstein, Junto moderator, economics 
and books editor, Barron's:
    "This video and accompanying article on the Surgery Center 
in Oklahoma City, co-founded by self-described libertarian 
Dr. Keith Smith, is the work of Jim Epstein (yes, he's my son) 
of Reason-T.V.
    "Jim presents some exciting research into the not-at-all 
surprising potential for medical care to be made affordable,
once it's freed-up from the deadening hand of government-
imposed bureaucracy:" 

Ayn Rand Institute eStore sells low price MP3s 
    These MP3s and many others can be downloaded for 
99 cents each:
* "Humanity's Darkest Evil": The Lethal Destructiveness of 
      Non-Objective Law, by Tara Smith
* "Let Us Alone!," "The Cold Civil War," "The Man-Haters"
      and "Structure of Government" by Ayn Rand
* " 'Buy American' is Un-American" by Harry Binswanger
* "Art In Education" The role of Romantic art in the 
      development of a moral "sense of life." by Ayn Rand
* "Ayn Rand: The Playboy Interview" interviewed by Alvin 
    Toffler, Kindle edition (available at Amazon, 99 cents)
This site also sells CDs, pamphlets, soft and hard cover books, 
at various prices. Visit the store at:

"MacGyvers" born in the superstorm in New York
    "...[the shop] one block from the beach in Far Rockaway, 
Queens -- would be swamped. They searched for sandbags and 
found none. They made an impromptu barrier of faux-sandbags 
improvised from supplies at hand: cat litter and garbage bags.
    "The bodega weathered the storm without a drop of 
floodwater, enabling a reopening as one of the few surviving 
stores on the hard-hit peninsula." Read more stories of people
who found creative ways to deal with storm problems:

"Ayn Rand Explained: From Tyranny to Tea Party" 
    This new book by Marsha Familaro Enright is about Rand's 
life, work and influence, with the emphasis on her ideas. 
    It covers her career, from youth in Soviet Russia to 
Hollywood screenwriter and then to ideological guru; her 
novels and other fiction writings; her work in metaphysics,
epistemology and ethics; her influence on -- and personal 
animosity toward -- both conservatism and libertarianism.
    Marsha has spoken at Junto several times. 
    Rand's Objectivism encompasses the ethics of rational 
egoism ("The Virtue of Selfishness"), dedication to rational 
thinking and acting, rejection of faith in the supernatural, 
personal freedom from political interference, and a moral 
defense of limited government and laissez-faire.
    This is a completely revised, updated edition of Ronald 
Merrill's 1991 book "The Ideas of Ayn Rand." It includes new 
information on her influence, new stories about her personal 
relationships and new analysis of her life and ideas, and the 
movement that developed because of her path-breaking work.
    How did she treat young students? Who owns Objectivism, 
her philosophy? Can we know more about her relationship 
with her husband, Frank O'Connor? Her personal history, her 
struggles as a writer, the story of her eventual triumph, and the 
meaning and significance of her ideas. These are a few of the 
new subjects covered in this book. It's at Amazon:

Atlas University launched by The Atlas Society
    On Nov. 28th this online education site began offering video 
courses on Ayn Rand's philosophy, Objectivism. It's presented 
by scholars who are experts in the philosophy. The first two 
segments are on "Reason." 
    These two segments are by David Kelley and William R 
Thomas. They present the essentials of the Objectivist view 
of knowledge. It explains why reason is an absolute; why 
emotions are not tools of cognition, despite their psychological 
importance; and why mysticism is a cognitive dead-end. It 
presents Rand's innovative theory of concepts and objectivity, 
including the role of sense-perception, logic and axioms, as 
well as the nature of certainty. The course shows why a 
rational approach to life is a vital human need.
    Lecture 1: What is Reason? by Kelley: 
    Lecture 2: What is Reason? The Conceptual Faculty 
    by Thomas:

What's gained by reading Peikoff on Objectivism
    From the site Peripatetic Thoughts: 
Exploring the Aristotelian-Objectivist view of life
    Here are a few highlights from its "Essay 5: A Study Guide 
to Ayn Rand's Philosophy" It explains the value of reading 
various Objectivist and others books, pamphlets and articles:
"Objectivism: The Philosophy of Ayn Rand"
    (known as OPAR)
    "Dr. Peikoff puts the entire Objectivist philosophy in one 
place, carefully putting the forest before the trees at every turn.
    "The book can be read in its entirety, or used as a 
summarized reference. 
    "Of special interest are chapter 1, 2, 4 and 5, which include 
crucial technical material in epistemology that Ayn Rand 
did not discuss at length in her own writings."
"The Ominous Parallels" [by Leonard Peikoff] is the most 
important breakthough in the field of history since Thucydides. 
    The book gives a revolutionary new answer to the question: 
how could the Nazi's take over a highly advanced, civilized 
nation -- the nation of "poets and philosophers"? 
    If "Atlas Shrugged" is the most philosophical novel 
ever written, then "The Ominous Parallels" is the most 
philosophical history every written. 
    If "Atlas Shrugged" teaches the fundamentally correct 
view of life, then "The Ominous Parallels" teaches the 
fundamentally correct view of history.
    These are from:

Online self teaching -- "unschooling" happening
    "One Man, One Computer, 10 Million Students: 
How Khan Academy is Reinventing Education"
    This Forbes cover story explains the success Salman Khan 
is having teaching everything from basic math to statistics to 
futures margin mechanics, with over 3,600 short videos at his 
Khan Academy site.
    It also contains a good history of the type of schooling 
we have, with its Prussian roots, and how the Khan Academy 
is leading to a rethinking of all education:

Book about regulators and media destroying a brilliant career
    "Rich-Hunt: The Backdated Options Frenzy and the Ordeal 
of Greg Reyes" by Roger Donway. A case study of an assault 
on business over an obscure and absurd accounting regulation.
    A comprehensive study of the interaction of business, law 
and journalism in the backdated options episode. 
    A study of prosecutorial misconduct and the tendency of the 
media to be an echo chamber for accusations against businesses.
It's the story of a man who excelled in business achievement. 
    Reyes rose rapidly in the world of high tech to become CEO 
of Brocade at 36 and increased its revenues twenty-fold 
within 3 years -- only to be felled by a miscarriage of justice. 
    He became the victim of a board made fearful by the power 
of regulators, of a media attack on backdated options and of 
prosecutors who charged him with fraud. 
    Despite the prosecutors' failure to establish that someone
was misled, the central point required for a charge of fraud, 
Reyes was convicted and sentenced to 18 months in prison 
and a $15 million fine.
    Paperback or Kindle: 

Objectivists present talks with other groups
    * Mont Pelerin Society has had gatherings of free market 
intellectuals since 1947. The Ayn Rand Institute had 
three invited presenters at the Sept. 2012 meeting, Prague, 
Czech Republic: 
    * Foundation for Economic Education (FEE)and The Ayn 
Rand Institute co-hosted a conference for undergraduates about 
the moral foundation of capitalism on Oct. 27 in Irvine, CA:

"Shark Tank," an entrepreneur and investor TV series, ABC
    Reality TV with business executives, "Sharks," who 
consider investing in entrepreneurs' businesses or products.
    Among past and present "Shark" panelists are: comedian 
Jeff Foxworthy, Dallas Mavericks owner Mark Cuban, Lori 
Greiner, Barbara Corcoran, Robert Herjavec, Kevin O'Leary, 
Daymond John and Kevin Harrington. There are five judges 
on each show.
    Fri., Nov. 30, 9:00pm, regular day and time
    Tue., Dec. 4, 8:00pm, holiday special

"The Evidence of the Senses: A Realist Theory of Perception"
    Now available free. An original defense of realism, by David 
Kelley Atlas Society founder. It argues that perception is the 
discrimination of objects as entities, that the awareness of these 
objects is direct and that perception is a reliable foundation for 
empirical knowledge. 
    His argument relies on the basic principle of the "primacy 
of existence," in opposition to Cartesian representationalism 
and Kantian idealism. Read about it here:
    Download it free here: 

Online group studying Leonard Peikoff's "DIM Hypothesis"
    You can listen live or listen anytime afterwards. They're free:

Free Objectivist webinars
    The Atlas Society offers 200 free webinars:
    Ayn Rand Institute offers free webinars, as long as 500 min.:

"The Origin of State and Government"
    Tom Palmer wrote this essay for the free "Cato Letter" of
the Cato Institute. It's a short history of the development of
governments, separating what they can do from what they can't. 
    You can read it here: 
    You can sign up here for any or all free email & print 
newsletters, and RSS feeds:

"Free Market Revolution: How Ayn Rand’s Ideas Can End 
Big Government" by Yaron Brook and Don Watkins
    This is from a review in Forbes magazine by John Tamny
"...About the troubles that rendered banks insolvent, the 
authors point out that this was decidedly not a function of 
deregulation. As they note, between 1980 and 2009 for every 
instance of bank deregulation, four new rules were foisted on
the banks. As they write, 'it could not have been the free 
market that caused the crisis, since no such market existed.' 
And for those who might say that the most regulated industry 
in the world wasn't regulated enough, the authors expose that 
thinking as wildly silly with their reminder that it was 
politicians and regulators within the government who were 
encouraging -- and sometimes enforcing by law -- the 
disbursement of loans to highly risky borrowers. In short, if 
free markets had been governing bank activities up to 2008,
a good number of those ultimately failed loans would never 
have been made at all....
    "...the authors' recount of what Whole Foods CEO John 
Mackey was put through by the feds amid his purchase of 
competitor Wild Oats was chilling. E-mails examined by the 
FTC, $30 million in legal fees to prove Whole Foods wasn't 
a monopoly....only governments can create monopolies, 
whereas success in the private sector always leads to the new 
competitive entrants. What's tragic, however, is what Mackey's 
story possibly signals about the unseen. Specifically, how many 
companies have never merged, and how much efficiency and 
innovation have we lost thanks to companies shying away 
from mergers out of fear of the federal government?...
        This review can be read at:

"Under capitalism, the poor are the biggest beneficiaries"    
    ...said Yaron Brook, exec. dir. Ayn Rand Institute, in an 
interview at Glen Beck's offices in NYC.
    Reiterating that charity is good but that it should be your 
choice, Brook directly tackled the notion that capitalism is 
heartless and will leave the poor helpless:
    "No other system in history has benefited the poor more than 
capitalism…Capitalism is moral because it allows you the 
freedom to pursue your happiness, it allows you the freedom to 
take care of your life…So what happens under capitalism? The 
poor go out there and they get a job…under capitalism, the 
standard of living of the poor rises dramatically.
    "So the poor under capitalism are a lot less poor than the 
middle class in any other system. Capitalism is what created 
the middle class -- not by lowering the wealth of the rich, but 
by increasing the wealth of the poor."
    "...Brook said that Johnson [the Libertarian Presidential
candidate] "absolutely" has better ideas than Romney on 
domestic policy. ...[re Ryan] Brook also thinks Rand's atheism 
could alienate religious voters, adding that we're far more 
religious today than we were in 1776...start the process by 
deregulating and significantly cutting subsidies...Let's get 
rid of cronyism, and the way to get rid of cronyism is to get 
government out of the business of business."
    To read more highlights and to see the complete video of 
Yaron being interviewed by Mallory Factor:

Math museum opening Dec. 15, at 26 St., off 5th Ave.
    Glen Whitney told Junto about his plans a few years ago. 
He's raised more than the $30 million necessary for to create 
the Museum of Mathematics, or MoMath, at 11 E. 26 St.
    It will show children and adults that math is fun, beautiful 
and will help people get "really good jobs." It will open with 
35 exhibits, including Feedback Fractals. About a dozen more 
exhibits will come later. Learn more at:

''Atlas Shrugged'' by Ayn Rand, Reading Group, Sat., Dec. 15
    Part II -- Either-Or, Chapter 10 -- "At the Sign of the Dollar"
Robert Begley is leader of this discussion. 
    The third Sun. of each month, 3:00pm to 5:00pm, inside 
120 Park Ave., S.W. corner, with an entrance on E. 42nd St.
    The $5 fee to attend goes to the Ayn Rand Inst. to give 
Rand's novels to high school and home schooled students. 
    This Reading Group has only one rule, you can't integrate 
or refer to material in the text that's after this chapter. 
    Please read the chapter in advance as preparation for the 
discussion. Robert will give an analysis of each scene, then 
open it to comments and questions, before going to next scene. 
We'll end with a discussion of the meaning of the chapter title.
     The Reading Group is sponsored by the New York 
Objectivist Society: tiny.cc/NYobjSoc The site's dormant now.
Part II, Chapter 10 -- The Sign of the Dollar, timeline: May 31
1. Dagny riding on the Comet
    a. Thinking of collapsing world
    b. Meets Jeff Allen
    c. Learns the story of John Galt
2. The Frozen Train
    a. Dagny considers her goals
    b. The "empty train" passengers
    c. Goes with Owen Kellogg to track phone
3. Dagny pursues Quentin Daniels
    a. Airport plane
    b. Flying in Utah
    c. Daniels just left, continues chase and her plane crashes
We'll read the final scene aloud.
    Visit the Reading Group's site: 

New York City Ayn Rand Meetup, Sun., Dec. 30
    Come join us at 3:00pm. We'll talk about Ayn Rand, her 
works, Objectivist life, challenges, options, associations and 
    Give and take, open to all, no charge, no reservations. 
The Midtown Restaurant, 155 East 55 St., bet. 3rd & Lex., free.
    Benny Pollack, organizer says: ''Join our group of regular 
Objectivists for a lively discussion on topics related to Ayn 
Rand and Objectivist philosophy in general.
    ''Please join us. If you are already versed in the topic, want
to learn or just want to spend an intellectually stimulating
afternoon, please come. I hope to see you all there.''
    The Ayn Rand Meetup is on the last Sunday of each month.
Learn more about it at: 

A report on "Alexander Hamilton" by Robert Begley
    Although this is a book review in the The Objective Standard
I consider it a report worth reading for itself.
    Ron Chernow is the book's author. "[He] takes on the task 
of portraying America's most controversial Founding Father....
    "Before reading this book, my thoughts coincided with the 
popular image of Hamilton as a brilliant but overbearing man 
who was frequently involved in scandals or in conflicts with 
other Founders. I remember hearing that he advocated 
monarchy, protectionism, mercantilism, a strong federal 
government, and a central bank. I also knew that he had 
something to do with the Constitution and wrote some of The 
Federalist Papers. I knew that he famously feuded with Aaron 
Burr, who killed him in a duel in 1804. What I didn’t know was 
that Hamilton was arguably the most important Founding Father.
    "Chernow identifies his inspiration for this book in the 
prologue, where he introduces Hamilton's widow, Eliza, in her 
mid-90s, having outlived her husband by fifty years. She was 
committed to one holy quest above all others: to rescue her 
husband's historical reputation from the gross slanders that had 
tarnished it. For many years after he died, Thomas Jefferson, 
John Adams, and other political enemies had taken full 
advantage of their eloquence and longevity to spread 
defamatory anecdotes about Hamilton, who had been 
condemned to everlasting silence...."
    In an email Robert wrote: "As New Yorkers, we see 
Hamilton's greatness all around us. He was the ONLY major 
influential Founder who agreed with what NY stood for."
    Read the complete article at:

"The Financial Crisis & Bank Deregulation Myth" by Allison
    This article by John Allison is in the Dec. 10, 2012, 
Forbes magazine, paper and online editions.
    "Advocates of big government have built economic policy 
on a series of myths. One is that the 'robber barons' took 
advantage of the common man to create their fortunes. In 
fact, great industrialists, like John D. Rockefeller, dramatically 
improved the quality of life for everyone. Another myth is that 
President Roosevelt's New Deal ended the Great Depression, 
when in fact the Depression did not end until after WWII 
when his policies were abandoned.
    "The new myth is that the recent financial crisis and failed 
recovery were caused by banking deregulation and greed on 
Wall Street. In truth, the banking industry was never 
deregulated. There was a massive increase in regulation under 
President Bush, including the Privacy Act, the Patriot Act and 
Sarbanes-Oxley. The banking industry was misregulated, not 
deregulated. These new laws fundamentally misdirected 
banking risk management. There has always been plenty of 
greed (and fear) on Wall Street. However, there is not one 
shred of evidence there was a greed plague that swept finance.
    "The financial crisis was primarily caused by government 
policy. We do not live in a free market. We live in a mixed 
economy. The technology industry is largely unregulated and 
as a result has performed well through various economic cycles. 
Financial services is the most regulated industry in the world, 
and since it is, it's not surprising that the industry has been 
so troubled.
    "The real cause of the financial crisis was a combination 
of mistakes by the Federal Reserve, along with government 
housing policy, which was implemented by Freddie Mac and 
Fannie Mae. Neither would have ever existed in a free market...."
    Allison was CEO of BB&T Bank, was on the Ayn Rand Inst. 
board before becoming CEO of Cato, libertarian think tank.
    Read all of this article at:

John Allison at The Heritage Foundation, Wed., Jan. 16
    His talk "The Financial Crisis and the Free Market Cure: 
Why Pure Capitalism is the World Economy's Only Hope"
    Noon to 1:00pm, Heritage, Lehrman Auditorium, 
214 Massachusetts Ave., NE, DC
    Attend in person or watch online:

Bastiat Institute offers 350 free downloadable books
    To increase understanding of the principles of free markets, 
Austrian economics, individual liberty and peace it 
disseminates information about the creation of free, 
open and civil societies throughout the world.
    Accepts no government funding, nor does it align itself with 
any political party. Founded 2009 by Daniel Brackins. Named
after Frédéric Bastiat, June 30, 1801 – Dec. 24, 1850, French 
classical liberal theorist and political economist. 
    Download any of 350 free market books at:

People discover Ayn Rand's ideas in many ways
    Some people read her books first but there are many other 
roads to her thinking. 
    Recently I spoke with a fellow who listened to the rock band
Rush's, "2112" album. The composer credits "the genius of 
Ayn Rand" from which they borrowed broad strokes of the 
plot. That inspired this fellow to read Rand.
    Another fellow played the computer games "Bioshock" and 
"Fallout: New York." Both have references to Rand's writing.
That inspired him to learn more about her ideas.
    In 1999 the TV movie "Passion of Ayn Rand" was shown.
Minutes afterwards I read blog entries by many people who'd 
never heard any of Rand's ideas before. They were awed by her 
ideas, often heard in the background of scenes. Many were 
planning to start reading Rand's books immediately.

Atlas Summit 2013: June 27 through 30
    The Atlas Society's conference of open Objectivism will
announce details of this "intellectual re-charging" later in 2012. 
It will be at the Capital Hilton, 1001 16 St. NW, DC. 

Objectivist and libertarian groups and sites
    * Groups which meet in Manhattan:
         NYC Junto -- nycJunto.org
         NYC Ayn Rand Meetup -- meetup.com/AynRand-8
         NY Objectivist Society -- tiny.cc/NYobj (dormant)
         Atlas Reading Group -- tiny.cc/ReadingAtlas
         NY Heroes -- tiny.cc/NYheroesObj
         Ayn Rand NY Tours -- tiny.cc/TourRand
         Manhattan Libertarian Party -- manhattanLP.org
    * Sites to visit:
         Ayn Rand Institute -- AynRand.org
         The Atlas Society -- AtlasSociety.org
         The Atlasphere -- theAtlasphere.com
         The Objective Standard -- theObjectiveStandard.com
         Forum for Ayn Rand Fans -- forums.4aynRandFans.com
         Aristos: An Online Review of the Arts -- aristos.org
         Philosophy in Action -- philosophyinAction.com
         Sense of Life Objectivists -- soloPassion.com
         Objectivism Online -- objectivismOnline.com
         Rebirth of Reason -- rebirthOfReason.com
         Bastiat Institute -- bastiatinstitute.org
         Ludwig Von Mises Institute -- mises.org
         Institute for Justice -- ij.org
         Cato Institute -- cato.org
         O List -- oList.com

Fred Cookinham Ayn Rand walking tours
    He offers 5 different Ayn Rand tours: tiny.cc/TourRand  
* Ayn Rand's Park Avenue, where she lived and held salons
* "Atlas Shrugged," places she researched and fictionalized 
* Skyscrapers of ''The Fountainhead''   
* Ayn Rand Fifth Avenue
* Ayn Rand on Broadway
Private tours $30. 
    To arrange for your private tour or for more information, 
call Fred at home: 718-397-9019 or on his cell: 917-607-9019 
or email him: fcookinham [at] juno.com 
    Fred's tours get better because he never stops researching. 
He's often at Junto and Ayn Rand Meetups. Previous years: gave 
special ''Ayn Rand & Free Market Tour'' for Mont Pelerin Society 
and ''Ayn Rand's Park Ave.'' on BBC's Radio 4 ''The Right Stuff.'' 

NYCjunto-discuss list
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    You can read these posts at: yhoo.it/JuntoP
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Become a member at: yhoo.it/JuntoD or send email: 

About Junto 
* Gene Epstein moderates Junto. He's the economics editor 
    and books editor of Barron's, the weekly business 
    magazine, author of ''Econospinning: How to Read Between 
    the Lines When the Media Manipulate the Numbers:''
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