TPM Reader JL has some thoughts on the 'brittle grip.' This is a point I've given a good deal of thought to this point but more from the perspective of what the whipsaw effect of looking into the financial abyss and then getting all your money back and more. But JL looks at 2008 and Randian ideology ...
Josh, love the Brittle Grip stuff. You’re definitely getting at something really important and the way Roberts is going, it’s getting more important, not less.
I just have one small thing to add. Maybe just another lens—one among many--through which to view all of this.
I’ve developed a rule of thumb over the last four or five years, maybe dating back to the Santelli rant that ignited the tea party. Maybe it was a bit before that, maybe a bit after. In any case, the rule of thumb is this: when it comes to the outer fringes of conservative thought--or at least what would have been outer fringes ten, twenty years ago, and now looks more like orthodoxy--never underestimate the influence of Ayn Rand. And that influence seems to run particularly deep on Wall Street and maybe even deeper in places like Greenwich and Menlo Park that are home to so many in the 0.01%.