South African rand as Daan Desimaal). This was accompanied by a radio jingle, to inform the public about the new currency. One Rand was worth US$1.40 from the time of its inception in 1961 until late 1971. Its value thereafter fluctuated as various exchange rate dispensations were implemented by the South African authorities. By the early-1980s, high inflation and mounting political pressure combined with sanctions placed against the country due to international opposition to the apartheid system started to erode its value. The currency broke above parity with the dollar for the first time in March 1982, and continued to trade between R
The Ayn Rand Cult The Ayn Rand Cult The Ayn Rand Cult is a book by journalist Jeff Walker, published by Open Court Publishing Company in 1999. Walker discusses the history of the Objectivist movement started by novelist and philosopher Ayn Rand, which he describes as a cult. The Objectivist movement began with a small group of Rand's confidants and students who supported her philosophy of Objectivism. This group was at first known informally as "The Collective", and later gained more structure in the form of the Nathaniel Branden Institute (NBI), named after Rand's protege Nathaniel Branden, and a magazine that Rand and Branden