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Greenspan continues to support a [[gold standard]] and advocate [[laissez-faire]] capitalism. [http://www.polyconomics.com/searchbase/02-01-00.html] [http://business.timesonline.co.uk/article/0,,16849-1823177,00.html] His support for a gold standard is somewhat of an irony given the Federal Reserve's role in America's [[fiat money]]. He has come under heavy criticism from [[Objectivist philosophers]], most notably [[Leonard Peikoff]] and [[Harry Binswanger]], as they believe that working for the Federal Reserve is an abandonment of Objectivist and free market principles.
Increasingly, however, some Objectivists have come to believe that, within the context of the principle of [[Objectivist_epistemology|non-contradiction]], that Greenspan has not abandoned these principles. These Objectivists believe that he has deliberately geared his policies toward undermining the Federal Reserve system by giving successive administrations a pool of ever-increasing [[U.S._public_debt|public debt]], which will ultimately cause a collapse of the Federal Reserve system, which in turn will clear the path to a return to a gold standard. This scenario has many parallels to Ayn Rand's 1957 novel, [[Atlas Shrugged]], in which the American economy is laid waste by, among other events, the deliberate [[sabotage]] of the [[copper]] industry by [[Characters_in_Atlas_Shrugged|Francisco D'Anconia]]. It is often cited that Ayn Rand remains Greenspan's favorite author [http://www.turtletrader.com/johngalt.html].
==References==
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