Atlas Shrugged Essay

1110 Words3 Pages

A CALL TO REASON: MONEY AS A PILLAR OF MORALITY AND ECONOMIC LIBERTY In one wise illuminating speech, it is said that “money is the barometer of a society’s virtue” — a sentiment that, upon deeper examination, shines light on both the fictional world and our own turbulent economic realities. This philosophy is taken from Ayn Rand's landmark novel “Atlas Shrugged” a seminal perspective on money and its moral relevance, which is presented through the character of Francisco d'Anconia. He places emphasis on the fact that money represents “the effort of the mind” and “the effort of the body” that goes into productive work. It stands as an objective standard of value, tangible proof of one’s virtuous contribution to society through labor and innovation. …show more content…

Paper [money] is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account overdrawn.’” Used in this context of the novel, Francisco refers to the 'destroyers' as those who exploit the economic system to their advantage without contributing to its success. The "destroyers" erode the foundational pillars of an economy through their parasitic behavior. In this context, Francisco perceives money as a medium that embodies man's freedom to trade his skills or product voluntarily- he underscores that money is the supposed lifeline of human progress. Paper money is emblematic of a moral contract, an agreement between parties that results in mutual benefit. Therefore, money's destruction would mean deception of fateful intent that fringes on a man's monetary …show more content…

Higher taxes damage incentives to work and innovate, as Francisco pointed out, destructive taxes do. Alternatively, draconian austerity brings political instability. Neither fully solves the root problem, an unsound monetary system allowing vast over-issuance disconnected from production or prudent saving. Both signal the need for reform, yet gridlock cripples’ action, kicking cans down roads leading to an uncertain terminus point. Far better for responsible individuals to take preparatory steps independent of government whims, adopting the spirit of Francisco’s entrepreneurial individualism. Cryptocurrencies offer censorship-proof monetary alternatives uncorrelated to any one nation’s financial health, with the potential to bypass irresponsible central banking if adopted widely. Tangible assets like land, precious metals and fine art maintain purchasing power across inflation cycles better than paper depreciating manually. Maintaining financial flexibility prepares one to weather stresses like those already plaguing troubled Eurozone

Open Document