Ayn Rand claims we are "observing the facts of reality" when forming concepts. Here I explain why that is wrong and how facts are things we conclude *only at the end* of a long chain of interpretation. This is an excerpt from an episode to be released after this one, also on "objectivist epistemology", and in addition to the previous episode released about "An introduction to objectivist epistemology" by Ayn Rand.
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