Saturday, October 26, 2013

Greenspan's got a new book out

Known Ayn Rand acolyte and former Fed Chairman who was at the helm when the gamblers on Wall Street crashed the global economy September 15, 2008, has a new book out to justify his wretched existence.  It's called The Map and the Territory: Risk, Human Nature, and the Future of Forecasting.  He doesn't even begin to address the destruction of billions of lives his crackpot ideas have caused humanity.  Rather, he thinks he is clearing his name by admitting that markets are not as rational as he once thought.  And water is wet.

Of course, Greenspan has not always been a self-admitted fool.  More typical of his reputation in Washington was captured in Bob Woodward's 2001 ball-licker entitled Maestro: Greenspan's Fed and the American Boom.

And if you watch this clip from the Daily Show, keep in mind that this simpleton was one of the most important actors on the global economic stage.

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