Sunday, September 23, 2007

The Great Greenspan

according to someone who isn't all that impressed

Personally I have never been all that impressed with the idea of a one dimensional control of the whole system, which I think is pretty much all the Fed Chairman gets, besides a podium. The whole position seems far less potent than is usually made out.

So, while it doesn't make it any easier to take, I don't think this blithering is especially Greenspan's fault. The lemmings in front of the pack are, at best, not less confused than the rest of us.

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