The Moratorium on Brains

In this 1971 lecture, Ayn Rand examines President Nixon’s imposition of a nationwide wage and price freeze aimed at curbing inflation. Drawing her title from a chapter in Atlas Shrugged, Rand outlines the perils of policies that stifle innovation and examines the futility of trying to revive a nation’s economy by straitjacketing the only people who can save it.

In the Q&A session, Rand discusses a spectrum of topics including university education, free will, federal liability for state property taxes, capital punishment, government actions that are forbidden to individuals, homosexuality, groups that distort her ideas, Objectivist influence on government, the 1972 presidential candidates, the “Libertarian movement,” martyrdom through disobedience of price control laws, the Pentagon Papers, the American “sense of life” contrasted to Europe’s, the U.S. Constitution, American foreign policy, abortion, gun control, the Montessori method of education, good manners in expressing disagreement, favorite sculptors, shaping children’s psycho-epistemology, communist propaganda, male dominance in sex, and the prospects for effective political action for freedom and against statism.

The lecture lasts 51 minutes, followed by a 62-minute Q&A.


About the Author

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Ayn Rand
Ayn Rand created and defined her philosophy, Objectivism, in the pages of her best-selling novels, particularly The Fountainhead and Atlas Shrugged, and in a series of nonfiction books that address a wide range of fundamental issues in philosophy. Born Alisa Rosenbaum in Tsarist St. Petersburg in 1905, Rand witnessed the Russian Revolution as a teenager and promptly condemned communism as immoral for sacrificing the individual to the collective. In 1926, shortly after graduating from the University of Leningrad, she fled to America, adopting the pen name Ayn Rand to shield her family from possible persecution once her anti-communism became well known. In Hollywood, she wrote scenarios for famous director Cecil B. DeMille and met her future husband on a movie set, but the couple struggled financially for years. Then came a string of writing successes: a Broadway play, followed by her first novel, We the Living (1936), then a novella called Anthem (1938), and later her first best seller, the story of a fiercely independent architect named Howard Roark in The Fountainhead (1943). All these works of fiction feature gripping stories and exalted, egoistic, this-worldly heroes. In writing Atlas Shrugged (1957) — the story of a man who said he would stop the motor of the world, and did — Rand had to define fully her new philosophy of reason, rational self-interest, and laissez-faire capitalism. Thereafter, and until her death in 1982, Rand amplified and explicated her “philosophy for living on earth” in a stream of books whose theoretical essays and cultural commentaries cover important topics across the five major branches of philosophy: metaphysics, epistemology, ethics, politics and esthetics.