Nick Ragone is an author, attorney and public relations executive in New York City. He earned a bachelor’s degree in history and political science from Rutgers University, and is a graduate of the Eagleton Institute of Political Science at Rutgers University (undergraduate) and the Georgetown University Law Center.

He is the author of three books: Essential American Government, Everything American Government, and President's Most Wanted. Nick is a regular contributor to the Fox News Channel and Fox Business, the PIX11 Morning Show, and has a weekly appearance on the popular Raph Bailey Radio Show.  He co-anchored PIX11's five-hour live inauguration coverage with Jim Watkins and Kaity Tong.

Nick is a contributor to Donklephant.com, one of the most influential political blogs on the web, and  has written for US News & World Report, The Star-Ledger, Real Simple Magazine and RealSimple.com.  Nick has been quoted in over two dozen stories on politics, the presidency, and public relations.  In December of 2007, Nick was named one of PR Week's 40 under 40 to watch, and in May of 2008 was featured in "Profiles of Success", a book about public relations. Nick lives in Jersey City, NJ, with his wife and two children, and spends what little free time he has obsessing on the Mets.

Nick can also be found on Facebook. http://www.facebook.com/profile.php?id=740817853




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Even Ayn Rand would be a Keynsian

I have a soft spot in my heart for libertarian philosophy. Though I'm not a strict libertarian by any stretch, I'm sympathetic to their POV, and generally regard free markets as corrective and (largely) self regulatory.

But over the past few months, I've gained a new appreciation for government intervention. There's no question in my mind that massive government assistance -- in the form of loan guarantees and direct capital infusions -- has been necessary to stave off a depression. Libertarian economic philosophy wears well as an after-dinner topic at the University of Chicago's Friday night Adam Smith social, but not so much when the financial markets are crumbling.

That's why I had to laugh when I stumbled across this Newsweek interview with Dr. Yaron Brook, the head of the Ayn Rand Institute.  Evidently, Dr. Brook lives in a parallel universe that only occasionally intersects with our own.  How else to explain such gibberish?

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Reader Comments (4)

Sorry Nick but you are way off on this one.

the free market has yet to be really tried in this country since FDR. the current mess is largely instigated by bad lending practices instigated by the government. the government, not the market, decided that everyone should have a house, that everyone is creditworthy to have a house, that it's racist to deny anyone a mortgage. well.

then there's the auto industry. a combination of govt-backed unions and unrealistic government regs (twin fleet CAFE) pushed it over the cliff.

and overall, the collapse is now fueled by the fact that the game is no longer about where to invest money based on economic reward, but guessing which entities have been declared winners and which losers by a secretive bailout program.

the huge regulatory welfare state, backed by loose money and populist b.s., is collapsing, and let's blame... ayn rand? wow.

December 12, 2008 | Unregistered CommenterAlan_g

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