Carl Remick [ on lbo ] wrote:
> I've seen a surprising number of articles in the financial press -- two --
> saying that investors shouldn't blame Alan Greenspan for the hopeless mess
> the market's in.
>
> There's no question that any number of economic forces are beyond AG's
> control, but let's get real: No Fed chairman in my lifetime -- not Arthur
> Burns, not even Paul Volcker -- has made the assiduous effort to promote a
> cult of personality that AG has. To me, this God-like image that he has so
> carefully cultivated is the most Ayn Randish thing about the man.
>
> So, no, Greenspan is not really responsible for the train wreck that
> characterizes the capital markets now. At the same time, I eagerly await a
> howling mob suspending the Federal Reserve Chairman from a tree by his
> withered genitals.
>
> Carl
This archive was generated by hypermail 2b29 : Fri Apr 27 2001 - 23:14:43 PDT