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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2: The Biggest Asshole in the Universe.

Multiple Choice Questions

1. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Pluralism.
(b) Objectivism.
(c) Absurdism.
(d) Subjectivism.

2. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.
(a) Socialism.
(b) Business.
(c) Derivatives.
(d) Government.

3. Who appointed Alan Greenspan as the Federal Reserve chairman?
(a) Bill Clinton.
(b) Ronald Reagan.
(c) George H. Bush.
(d) George W. Bush.

4. The protagonist of The Fountainhead is in what profession?
(a) Engineer.
(b) Doctor.
(c) Architect.
(d) Banker.

5. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?
(a) Subsidized market.
(b) Derivitaves market.
(c) Unsubsidized loans.
(d) Ponzi scheme.

Short Answer Questions

1. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?

2. Before declaring bankruptcy, Lehman Brothers Holdings Inc. was ranked as the _________ largest investment bank in the United States.

3. Where did Alan Greenspan earn a B.S. degree in economics summa cum laude?

4. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?

5. When was Alan Greenspan born?

(see the answer key)

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