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In sign of the times, Ayn Rand Institute approved for PPP loan

Posted by   /  July 7, 2020  /  No Comments

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By Helen Coster | Reuters

(Reuters) – The institute promoting the “laissez-faire capitalism” of writer Ayn Rand, who in the novels “Atlas Shrugged” and “The Fountainhead” introduced her philosophy of “objectivism” to millions of readers, was approved for a Paycheck Protection Program (PPP) loan of up to $1 million, according to data released Monday by the Trump administration.

The Ayn Rand Institute: The Center for the Advancement of Objectivism in Santa Ana, California, sought to preserve 35 jobs with the PPP funding, according to the data.

The institute advocates the Russian-American writer’s philosophy and “applies its principles to many issues and events, including ones Rand herself never discussed,” according to its website. It “focuses on areas that have a long-term multiplying impact on the direction of our culture — notably, education and policy debates,” the website says.

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