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New York: Sept 14: A discussion on financial crisis, with John Allision and Yaron Brook
The Objectivist Club at NYU, United States Monday, September 14, 2009


The Objectivist Club at the New York University, is hosting a discussion on "The Cause of Financial Crisis - Government Meddling". This is very critical issue. Ever since the financial crisis broke last year, questions being raised as to whether the crisis is a consequence of lax regulation of the financial sector in the US, or is it because of distortions in the financial sector created by the government regulations. If one is in New York, consider attending, Admission is free, but registration is required.

The Objectivist Club at New York University is Pleased to Present the Inaugural Event in the

Ayn Rand Lecture Series for 2009/2010

Registration Required: http://tinyurl.com/mte6d7

 

The Cause of the Financial Crisis—Government Meddling

a discussion with

Dr. Yaron Brook

Executive Director of the Ayn Rand Center for Individual Rights

and

Mr. John Allison IV

Chairman of BB&T Corporation


Date: Monday, September 14, 2009 at 8pm (doors open at 7:45pm)

Venue: Eisner & Lubin Auditorium, Room 401, Kimmel Center at New York University
60 Washington Square South, New York, NY 10012

Background:

Many regard the financial crisis as a failure of the free market and “greedy” businessmen. But is capitalism really to blame for our current economic mess?

In this panel Yaron Brook, executive director of the Ayn Rand Institute, and John Allison, chairman of BB&T Bank, will argue that today’s crisis is a failure of the un-free market. Massive government intervention, from Washington’s affordable-housing crusade, via Fannie Mae and Freddie Mac, to the Federal Reserve’s easy-money policies, laid the groundwork for the crisis. The panelists will evaluate the government’s response to the crisis and suggest alternatives.

They also will explain why the free market has taken the blame for a crisis caused by government intervention. While most people are quick to blame capitalism for any evil because it encourages selfishness and rewards the profit motive, Dr. Brook and Mr. Allison will argue that these traits are precisely what make capitalism a moral system.

Panelist Bios:

Yaron Brook is president and executive director of the Ayn Rand Institute. A former finance professor, he has published in academic as well as popular publications and is frequently interviewed in the media. He has appeared on CNN, Fox Business Network, Fox News Channel, CNBC and PBS, among others. He lectures on Objectivism, business ethics and foreign policy at college campuses and for corporations across America and throughout the world.

John Allison is chairman of BB&T Corporation, a $152 billion financial-holding company. Mr. Allison began his service with BB&T in 1971 and has managed a wide variety of responsibilities throughout the bank. He became president of BB&T in 1987 and was elected chairman and CEO in July 1989. During Mr. Allison’s tenure as CEO from 1989 to 2008, BB&T grew from $4.5 billion to $152 billion in assets. In March 2009 he joined the faculty of Wake Forest University Schools of Business as Distinguished Professor of Practice.

***

The Objectivist Club at NYU

The Objectivist Club at New York University, is a student-led organization that seeks to promote the philosophy of Ayn Rand, Objectivism, to the NYU campus in particular and the New York population at large.  As part of its regular program, the club hosts a year-long lecture series featuring prominent Objectivist intellectuals.  All lectures are free and open to the public.

This article was published in the The Objectivist Club at NYU on Monday, September 14, 2009. Please read the original article here.
Author :
Tags- Find more articles on - economic crisis | financial bailout | financial crisis | john allison | market regulation

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