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More oxford books @ www.OxfordeBook.com<br />

IT USUALLY BEGINS WITH AYN RAND 275<br />

suffered, rationality was still her only guide and source of wisdom, individualism<br />

her favored theme. “Well, I told you so,” she sighed. “I have<br />

been telling you so since We the Living, which was published in 1936.” 70<br />

Rand had one last word of warning to issue. Referring to the upcoming<br />

Republican primaries she wrote, “I urge you, as emphatically as<br />

I can, not to support the candidacy of Ronald Reagan.” Reagan was a<br />

conservative in “the worst sense of the word,” she told her readers. 71 Not<br />

only did he support a mixed economy, a compromise between laissezfaire<br />

and government controls, but his opposition to abortion demonstrated<br />

a dangerous disregard for individual rights. Reagan represented<br />

the triumph of all the political trends on the right Rand had fought<br />

throughout her long career. He blended libertarianism with religion,<br />

submerging a rational defense of capitalism under altruistic ethics. His<br />

position on abortion was the clearest indicator that he did not understand<br />

the free society he claimed to defend. Like Willkie and Eisenhower<br />

before him, Reagan was a false friend, a conservative who would destroy<br />

the very principles he claimed to uphold.<br />

Although Rand would never appreciate their efforts, her political<br />

beliefs were shared by the Libertarian Party, who worked vigorously<br />

to provide an alternative to the majority party stars Reagan, Ford, and<br />

Carter. But like Rand, the Libertarian Party was subject to sudden political<br />

enthusiasms and dashed hopes. Party activists vacillated between a<br />

genuine belief that they could create immediate political change and<br />

a more realistic understanding that their campaigns were little more<br />

than public relations events. After a disappointing showing in the 1976<br />

election several Party leaders swung back to the Randian position that<br />

education must precede action. In partnership with the Koch brothers,<br />

wealthy libertarians who had bankrolled most of the campaign, Party<br />

Chair Ed Crane started the Cato Institute, dedicated to spreading libertarian<br />

ideas. Born from the early libertarian ethos of education, Cato<br />

nonetheless became deeply involved in policy and politics. From the<br />

start it strove for respectability among the intellectual elite, publishing<br />

Inquiry, a magazine that offered serious, well-researched, and quietly<br />

libertarian articles for an educated readership. As the years passed Cato<br />

would develop into a true player within the beltway think-tank world.<br />

Along with Reason magazine, Cato injected a consistent libertarian voice<br />

into national political debates. The institute relocated to Washington,<br />

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