"Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve"
- Peter Fonda
About this Quote
This quote by Peter Fonda is a reference to the truth that Alan Greenspan, the previous Chairman of the Federal Reserve, belonged to Ayn Rand's collective. Ayn Rand was a theorist who advocated for a laissez-faire economic system, which is the opposite of the Federal Reserve's current system. By explaining that Greenspan was a member of Rand's cumulative, Fonda is indicating that the Federal Reserve's current system is doomed because it is not in line with Rand's viewpoint. This could be analyzed as a warning that the Federal Reserve's current system is unsustainable and will eventually cause financial catastrophe. Fonda's quote is a tip that the Federal Reserve need to understand the possible effects of its existing system and should think about alternative economic models.
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