I’m constantly impressed by her predictive abilities. Someone could create an entire blog using nothing but Rand quotes commenting on current affairs. One of my favorite prescient quotes is from her essay “Egalitarianism and Inflation”:

It is at a time like this, in the face of an approaching economic collapse, that the intellectuals are preaching egalitarian notions. When the curtailment of government spending is imperative, they demand more welfare projects. When the need for men of productive ability is desperate, they demand more equality for the incompetents. When the country needs the accumulation of capital, they demand that we soak the rich. When the country needs more savings, they demand a “redistribution of income”. They demand more jobs and less profits — more jobs and fewer factories — more jobs and no fuel, no oil, no coal, no “pollution” — but, above all, more goods for free to more consumers, no matter what happens to jobs, to factories, or to producers.

Earlier in the essay is another gem:

What are all these people counting on? If a Chilean factory goes bankrupt, the equalizers will find another factory to loot. If that other factory starts crumbling, it will get a loan from the bank. If the bank has no money, it will get a loan from the government. If the government has no money, it will get a loan from a foreign government. If no foreign government has any money, all of them will get a loan from the United States.

What they don’t know — and neither does this country — is that the United States is broke.

Oh, hell, just go read the entire thing. It’s the best short explanation of why Obamanomics is doomed that I’ve ever read, written 35 years before Obama took office.

Whoops, minor correction: Written 35 years before Obama took office.

[Corrected]