WSJ: Remembering the real Ayn Rand

Writing at the Wall Street Journal, Donald Luskin has an excellent article “Remembering the Real Ayn Rand” that begins by discussing the new movie:

Tomorrow’s release of the movie version of “Atlas Shrugged” is focusing attention on Ayn Rand’s 1957 opus and the free-market ideas it espouses. Book sales for “Atlas” have always been brisk├ó??and all the more so in the past few years, as actual events have mirrored Rand’s nightmare vision of economic collapse amid massive government expansion. Conservatives are now hailing Rand as a tea party Nostradamus, hence the timing of the movie’s premiere on tax day.

When Rand created the character of Wesley Mouch, it’s as though she was anticipating Barney Frank (D., Mass). Mouch is the economic czar in “Atlas Shrugged” whose every move weakens the economy, which in turn gives him the excuse to demand broader powers. Mr. Frank steered Fannie Mae and Freddie Mac to disaster with mandates for more lending to low-income borrowers. After Fannie and Freddie collapsed under the weight of their subprime mortgage books, Mr. Frank proclaimed last year: “The way to cure that is to give us more authority.” Mouch couldn’t have said it better himself.

See his full article for much more, including a sensible discussion of the ways in which big businessmen are often no friends of capitalism and the ways in which Rand was neither a conservative nor a liberal.

Mr. Luskin is co-author with Andrew Greta of a new book, scheduled for publication next month, titled I Am John Galt: Today’s Heroic Innovators Building the World and the Villainous Parasites Destroying It. Judging from this article, I guessing it’s pretty good.