[ExI] How do we construct workable institutions and ethical behaviors?

[Jeff Davis]

I freely admit that my "Randians (thieves)" was an entirely indulgent
and gratuitous slam.  I don't retract it, but of course it is a
distraction which, well,... distracts... from temperate discourse.

My bad.

Jeff

2011/12/11 Stefano Vaj <stefano.vaj at gmail.com>:
> On 11 December 2011 06:31, Jeff Davis <jrd1415 at gmail.com> wrote:
>>
>> I think the issuance of "bad" mortgages came from entrepreneurial
>> Randians (thieves) in the mortgage business, responding to Wall
>> Steet's insatiable demand for "more" -- as in "more mortgage paper and
>> we won't be asking any questions."
>
>
> Mmhhh. I do not know about "Randians" (see and Marx and Marxists, Christ and
> catholics, etc.). But as to Ayn Rand herself, the hero of the Fountainhead
> is exactly an individual who suffers from marginalisation, poverty and lack
> of success, but for the happy end, exactly because he refuses to comply to
> what is expected from him.
>
> Moreover, how would those issuing bad mortgage be "thieves"?
>
> If anything, I would consider their activity as "usury". Now, usury may
> considered as an ethically dubious business, but what about a society that
> allows and "regulate", so to say, it?
>
> The series "Money as Debt" seems to be persuasive enough as to the fact that
> what is really flawed is our economic/monetary system, not supposedly
> deviant individuals.
>
> --
> Stefano Vaj
>
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