Jim Grant On The Monetary Priesthood's "Atlas Complex"

Tyler Durden's picture

The bow-tie-and-bespectacled Jim Grant once again takes the centrally-planned 'Office of Unintended Consequence' (aka The Fed) to task in a thoughtful exchange with Capital Account's Lauren Lyster. Reflecting on his recent opportunity to speak directly to various Fed officials, he found one particular question (on the perceived 'mass starvation' that occurred in the brutal earlier Depression beginning in 1920 which ended rapidly without the need for monetary stimulation) most disturbing in its summation of the central bank's 'Atlas Complex' - or how would we get up and go to work in the morning without them. The attitude of our Monetary Priesthood, he analogizes, is that unless they are active in their prayers and devotions, who knows what might happen? Grant goes on to discuss the hypocrisy of Bernanke (noting the importance of free market prices to his students and yet controlling interest rates overtly in the market-place) and highlights interest rates role as the traffic light signal in a market economy providing a critical input to our perception of value in stocks, bonds, real estate, Silicon Valley Startups, and so on and because these rates are manipulated we live and invest in a hall-of-mirrors leaving us with a distorted vision of the real-world. He notes that Americans, as typically recklessly joyous investors in growth, "remain in a miasma of anxiety due to the extreme unpredictability of policy action and this is what creates the tail risk of doubt and apprehension." Looking to the future he sees the constitutionality of Obamacare and the elections as a critical test in the war against supply and demand that is being waged by our central bankers and government.


Starting at around 1:50, Capital Account's Lauren Lyster begins by introducing Jim Grant's reflexive perspective of the world in a rather eloquent brief on just how our centrally-planned economy has veered from any notion of true capitalism.

The interview with Jim Grant begins at around 4:30

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chump666's picture

Lauren Lyster you are devine.

akak's picture

Lauren Lyster strips vines?

icanhasbailout's picture

You had me at "Lauren Lyster strips"

vast-dom's picture

"tail risk" ;P

she is hot, especially when she does not speak.


"the recovery is un-American....." we are in the miasma!


Jim Grant truly is the man! Thank you Jim!!!

JW n FL's picture




she is hot, especially when she does not speak.

Jim Grant truly is the man! Thank you Jim!!!


+ 100 for that Twit keeping her mouth shut!

+ 1T for Jim! Jim is da MAN!



damage's picture

I dunno...  I don't trust him anymore after that Romney plug... like any Republican but one or two would do what he's suggesting... I don't trust him now... sorry. Republicans just different wing of the same corrupt party...

ElvisDog's picture

You are too severe on Lauren, JW. That part in the show opening where she walks across the stage is money. Great tits, great legs.

ihedgemyhedges's picture

She gives me dabone...................and no ring on that finger.  Man oh man oh man.................

dick cheneys ghost's picture

Brains and Beauty...............Her legs could solve the Global Financial Crisis

Firing Pin's picture

Not to nitpick, but I've seen better!

A Nanny Moose's picture

Sorry Warren, Lauren puts Becky to shame.

Firing Pin's picture

LOL! Good one! 

Question: what is the most dangerous part of an airport?  

Answer: between Becky Quick and Warren Buffet's jet

moonstears's picture

Two words to trump both IMO:Trish Regan

HD's picture

I bet Trish wakes up every morning thrilled she no longer has to kiss Kudlow's ass for a living.

JW n FL's picture




Ron Paul on CNBC 4/23/12

 Published on Apr 23, 2012 by


Ron Paul Video Playlist

FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law.
congressman ron paul, 2012, presidential, race, candidate, republican, gop, Romney, gingrich, Obama, ron paul, primary, caucus, delegate, cnbc, federal reserve, monetary policy, gold standard, squawk box, Stephen Roach, Dino Kos, complete,

ihedgemyhedges's picture

So you're Secret Service???????

ihedgemyhedges's picture

I've been married 18 years and I DAMNED SURE KNOW THEY COULD SOLVE MY CRISIS!!!!!!!!

Freddie's picture

She called Krugman an "academic" so she does comedy as well.   Amazing that Russia Today (RT) is far more objective than all USA Oba shit TV.

AldousHuxley's picture

if you want truthful news about russia, watch usa news

if you want truthful news about usa, watch russian news


competition is good. internet media means less controlled brainwashing.

James_Cole's picture

Sad but true to a large extent. If you want to find out the truth regarding any particular group, start with what their enemies say.

Reminds me of Farage, his ukip party are looney, but everything he says about the EU is pretty accurate and even better - espoused in a very amusing fashion.

brewing's picture

bullshit!  jim grant is divine...

LetThemEatRand's picture

Dear 1913,

In 2012, Russian television will be giving the United States a lecture on how to run a reasoned free market system, and will try to explain why the Federal Reserve needs to stop trying to manage the economy for the benefit of a few select elites.  


The Future

brewing's picture

ah, welcome back lter.  russian tv couldn't lecture any AMERICAN on a free market system.  who's giving you the ups, your extended family...

brewing's picture

she died and was creamated last december...  i cared for her the year before...

LetThemEatRand's picture

Nice try. As honest as your general point of view.   Fuck you.

brewing's picture

i feel sorry for you, because i speak nothing but the truth about my dear mother...

brewing's picture

and from this day, goodbye zerohedge...

LetThemEatRand's picture

Fight club is not for you.  But Good riddance.  Economics 1996 in your other, purple form.  Enjoy your government contracting.

NewWorldOrange's picture

Hey man, if you know a lot about the ideas of Ayn Rand (have read/studied her works as I have, though they're just one small source for me though an important one, and I've written and published things stemming in whole or part on her ideas/works), would enjoy chatting. You seem to have a very superficial and distorted view of her ideas, at best and you seem sort of obsessive about "hating" on her (I may be newly registered here this tiime but have read ZH since it's inception.) What's up with that? No offense, and none taken. Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later.

(I don't want to clog up the board with a debate on Ayn Rand, unless it's an article about her or her ideas.)

In the meantime, here's something awesome that Ayn Rand inspired:

http://www.youtube.com/watch?v=LQEgZNqa8jE  -- RUSH BITCHEZ!

dirtbagger's picture

Well for one thing her book Atlas Shrugged is about 999 pages too long.

q99x2's picture

Dear Future,

What is this "television?"


LetThemEatRand's picture

Dear 1913,

Do you have FIOS or Brighthouse?


NewWorldOrange's picture

"Dear 1913,In 2012, Russian television will be giving the United States a lecture on how to run a reasoned free market system, and will try to explain why the Federal Reserve needs to stop trying to manage the economy for the benefit of a few select elites. Sincerely, The Future"

Dear Russia in 1905,

This year, your nation will give birth to one Alisa Rosenbaum, later known as Ayn Rand, who will escape Russia in 1922 by herself at the age of 17 and come to America with nothing but the clothes on her back. She will, as a result of her own brilliance and hard work, have a profound influence on libertarian thought and grow personally wealthy from her writings. She will profoundly influence and inspire one great man named Ron Paul. He may become the America-saving President in 2012, or at least change the discussion in a way that could later be the saving grace. He would stop the criminal American government from trying to benefit a few select elites. Please do all you can to ensure that she makes the voyage over here. For example, please be sure to have a communist revolution that will disgust her and make her determined to come over here in the first place.


The Future

There. Fixed it.

LetThemEatRand's picture

I envy the simplicity of your thinking. 

NewWorldOrange's picture

Space is limited, though I could certainly more honestly and with much more to go on say the same of you. Have been reading your absurdities for a while now.

So I guess that's a "no" on the debate about Ayn Rand? Not up to the task eh? Answer me this, have you ever read even one of her books? In the absence of an answer, which is what I expect, I'll assume that's a "no" too ;)

We could go to chat right now. I'll wait around until at least 10:30 E.T. if you've got the stomach/balls for it, just post the exact time for the meetup time in reply to this post. Looking forward to it, and I promise not to be to simple for you.

Surely you have an in-depth knowledge of her works and ideas, to have devoted half your life to...um...discussing her all day after day for months, right? Let's see what you've got!C'mon, I can take an ass whoopin'. Wouldn't be the first time.

This is FIGHT CLUB! Challenge! Let's go! (I'm gonna' make the challenge until you take it so let's do this!)

Can you, and will you, back up ALL THAT TALK? I'm hearing crickets...

LetThemEatRand's picture

Good luck with your Rand worship.  Not interested in wasting my time talking to you about it.

NewWorldOrange's picture

Chickenshit idiot. I've read your comments about Ayn Rand for months. There's not a snowball chance in hell you've ever read even ONE of her books.

What a pussy. You should be on Huff Po you sissifed assbitch cocksucker.

LetThemEatRand's picture

"Not looking for an argument, just a spirited, honest debate with someone who has really studied her but takes the "other side". Nothing you could say would "offend" me or anything. I'm not an "objectivist" by any means. Just leave a day/time here. Will check back later."

Your words to me a few posts earlier.  More honesty and integrity from the Rand crowd.   I didn't even need to respond to you to know that you are a dishonest asshole.  But thanks for proving it.

NewWorldOrange's picture

I AM the Rand crowd. The others aren't "objectivists" either. Just strongly influenced by her, like me. So why you wussing out? THAT is the best bullshit excuse you can summon up? Holy cow, what a pussy. I've probably studied Ayn Rand, and read more of her works, than almost anyone here. Maybe everyone here. What's the holdup hitch? I'll be very civil. The chatroom is created, and I'm waiting.

LetThemEatRand's picture

I guess it's better than L. Ron Hubbard.  Barely.  I'm glad that I don't ever have to read Tom Cruise spouting Randisms.


NewWorldOrange's picture

Hey, you haven't even raad ONE of Rand's books, so how would you know "what's better"?

I could kick your ass on Scientology too, BIG TIME. That shit is more absurd than someone spending half their life for a year disparaging something they know NOTHING about.

LetThemEatRand's picture

"I could kick your ass on Scientology too, BIG TIME."

Congratulations on that.  I'm sure that qualifies you for... ?

NewWorldOrange's picture

For being able to discuss it frrom a position of KNOWLEDGE about it and having studied it, as opposed to spewing about it endlessly for months without knowing the first thing about or even having READ any of it.

What the hell? You're here, and posting, and reading my posts, and replying? Why not reply to the one I just posted with a question about Ayn Rand? ANYTHING but that huh? LMAO

StychoKiller's picture

"Let Them Eat Rand" is completely in favor of Big Brother's gun(s), because they have yet to be pointed at Him/Her.  I find it amazing that Socialist/Progressives can always come up with arguments that the end justifies the means that for the most part are equivalent to:  "I'm just a little bit pregnant!"

"If you don't STAND for something, you'll FALL for anything!"

A Nanny Moose's picture

At the very least, more up arrows than you.

Of course ideas can be persuasive. Bitter blathering, dissembling, and personal attacks? Not so much.

WonderDawg's picture

Not in a gay way or anything (not that there's anything wrong with that) but I like the cut of your jib, NWO.

NewWorldOrange's picture

Thanks Dawg. I'm usually not this insistent or confrontational, but this guy...I've read his trip for almost a year and never said a word. Just listened. He's never read a word of Ayn Rand. Simply amazing.