4.07.2010

Jim Grant on Alan Greenspan, father of the financial disaster



HT: BusinessInsider via Barry Ritholz, who points out the highlights:
* 0:15 Greenspan needs to be liked, “He’s just a guy in a business suit”
* 1:03 Greenspan might say he is against central planning, but he actually loves it via setting interest rates
* 3:00 Greenspan seen as a savior via his rate, encouraged risk
* 3:50 Greenspan came in as Ayn Rand’s acolyte, left as a panderer to power
* 6:25 The way Greenspan thinks is as a theoretical economist, and he disdains those financial thinkers who believe they were right

1 comment:

Anonymous said...

Nice to see an econ blogger who's a fan of the The Boys.

GDTRFB

Seems legit

WSJ : Calpers’ stock portfolio returned minus 13.1%, while bonds returned minus 14.5%, the pension fund said. Those losses delivered a doub...