Ayn Rand on Donahue 1979 (1/5)

Ayn Rand on Donahue 1979 (1/5) - Ayn Rand attacks altruism as evil and both defines and defends her philosophy of objectivism. Rand also explains how monopolies cannot exist unless they are supported by government erected barriers to competition.

Playlist for all 5 videos:

http://www.youtube.com/watch?v=bx-LpRSbbeA&feature=PlayList&p=CD63BCE86EA89F8B&index=0&playnext=1

Note: When comparing prices in different years you have to adjust for inflation! A dollar today doesn't have the same buying power as a dollar 30 years ago.

http://data.bls.gov/cgi-bin/cpicalc.pl

http://en.wikipedia.org/wiki/Consumer_price_index

http://en.wikipedia.org/wiki/GDP_deflator

http://gregmankiw.blogspot.com/2009/06/deflation.html

http://bpp.mit.edu/usa/