by Gary North
“When our friends get elected, they aren’t our friends any more.” — M. Stanton Evans
My deceased friend Stan Evans became deservedly famous for this law of politics.
This law applies to high-level appointments.
Back in the days when I was starting out in my career, Alan Greenspan wrote an article for Ayn Rand’s Objectivist newsletter. It was pro-gold standard. It has been reprinted all over the Web. Back then, only a handful of us knew about it. I reviewed it in 2007 here.
Greenspan personally launched the modern era of extreme intervention by the Federal Reserve in order to stop a collapse in the stock market.