Insider trading = Heroic achievement = A good thing
=v= As Martha Stewart heads to trial, the Ayn Rand Institute, which admires her high standards, sent out a press release this week in her defense:
These ugly and vicious attacks against Martha Stewart ... are not isolated events, but part of a large and dangerous trend in America: the culturally-sanctioned envy and hatred of successful people.
I actually agree to some extent, though of course this sidesteps the whole matter of whether insider trading is the sort of thing a reasonable heroic individual would do. As opposed to, say, cashing in by withholding the truth from others.
Speaking of high standards, the press release is almost identical to one they wrote nearly two years ago. But of course, the argument made was surely the epitome of reason when it was written, so there's no need for them to change a word. A=A.
(Via the perpetrator of Creek Running North)
One of the libertarians' favorite ways to shoot themselves in the foot in matters of public relations: make heroes out of rich criminals. They did the same with Leona "taxes are for little people" Helmsley.
Posted by Zed on January 15 2004 23:10