and why is he like john galt? remember, he took his mind off the market in protest of a corrupt world. john allison retired when the federal government came to him in the financial crisis of 2008 and said you don't need to take t.a.r.p. money, but we're going to force you to take t.a.r.p. money. we're taking over your bank just like all the rest of the banks. that's when he walked out into the night and said, enough. >> host: who are some of the villains in, first of all, in atlas shrugged, b and then how do you fit them into your book, "i am john galt "? >> guest: a lot of the ayn rand fans believe her characters were about politics, but the worst villain was a corrupt businessman who worked hand in hand with corrupt business, corrupted politicians in the an unholy alliance that crashed the economy. and the corrupt businessman who just about brought the whole world economy down in 2008 was angelo mozilo, the ceo of countrywide finance. this was the man who, essentially, invented subprime lending. now, another keev

. >> jon: i'm familiar with atlas shrug, john galt and other top industrialist as ban don't an ungratefuld their own society in a secret valley in colorado. >> yes. >> jon: that's what are you doing. >> we have already done it, jon. technically it's more like a secret condominium development in sar societya open only to those virtuous enough to have made enormous amounts of money or to have inherited a lot of money. but no powerball winners, jon, just quality people. >> jon: so how is this community going. >> great, it's going great, going great. what could be more invig rating than spending all day with older white guise and their third wives. in fact, i just came back to say good-bye. >> jon: all right, well, good-bye. >> and to give you one last chance. >> jon: all right. >> you could hold another election right now, get a different result. >> jon: i think we're good. you take the book. >> good-bye. >> jon: all right, great. >> unless you wanted to bring back slavery, we could stick around-- wz. >> jon: that's not happening, good-bye. >> good-bye forever. >> jon: all right, john. >> i'

or the so called job creators somehow or other they believe as and ran did that the rich are like john galt they they are the only ones who are productive the hall the rest of us are just lazy bombs and moochers and they carry us on their backs and somehow or other this propaganda has penetrated millions and millions of ignorant fools in the tea party who are the shock troops over this revolution but as rush limbaugh warns this revolution may soon go bust when republicans are forced to raise taxes either at the end of this year or the beginning of next so could this break in radical orthodoxy that has seized the party since time actually give rise to the republican party of yesteryear that will welcome back into the fold rational republicans like bruce bartlett bartlett himself isn't convinced. they can't because the billionaires who control the party want tax cuts for themselves and as long as you've got millions and millions of crazy tea party people who for some reason vote against their own. direct economic interest and support the billionaires against themselves. you know we're kind of

for the republican party but somehow or other they believe as and ran did that the rich are like john galt they they're the only ones who are productive the hall the rest of us are just lazy bombs and moochers and they carry us on their backs and somehow or other this propaganda has penetrated millions and millions of ignorant fools in the tea party who are the shock troops of this revolution. shock troops i mean and a shade the shades of the thirty's and you're mean in some ways well yes it's the beer hall putsch although i don't know or not i'd suggest you know. i know who who ever mentions hitler first with a story and this is the argument but. so we'll just leave it at that you're a big fan of reaganomics and supply side economics i seriously doubt your thought how to how did it not work or how it did work in the eighty's the mistake that people make is thinking because something worked at a particular time under a particular set of circumstances that all work forever under any circumstances at any time and all i have said is that yes reagan's policies worked in the eighty's they will

don't want to belabor this this you know guess who was wonderful and so nice to come on the show but john galt said of barry eichengreen he said i could read his your typical academia status notice how he placed all the blame on the free market for the two thousand and eight meltdown and no blame on the government and the fed and their large roles in setting up the crisis i was a little. pointed that lauren didn't call him out on that and let it slide well i apologize for disappointing to you know we can only get to so much can only really delve into so many different aspects of somebodies argument i hope though that addressing at least some of i can greens points again today with our guest john butler makes you feel a little less disappointed we try to not disappoint here meanwhile bill marcus said our guest last week william janeway who talked about how bubbles sometimes are important to innovation he said this family fellow doesn't know what he's talking about the dot com bubble was coincidental to the rise of the internet it would have happened and was happening anyway the dot com bubble w

somehow or other they believe as an ran did that the rich are like john galt they they're the only ones who are productive the whole the rest of us are just lazy. changed so dramatically since the days when i first got involved with the republican politics when the republican party was the the party of ideas announced the party of crazy people ignorant tea party people people who know nothing and are proud of. it was talking about those ignorant crazy people who are proud of it he was also referring to the gun nutters that have taken over the halls of congress and the rest of washington politics over the weekend just twenty four hours at the connecticut shooting suicide massacre bartlett made his views on going after old very clear calling out the gun nuts on twitter on saturday he tweeted idea restrict gun ownership only to the types of guns in existence when the second amendment was adopted he followed that up on sunday by tweeting southerners are the only ones who need guns to protect themselves from their own government bartlett even did the unthinkable he called fox so called news