Tuesday, October 09, 2007

The Spinning Greenspan

Being a Fed chairman is a special, sensitive position — one of immense power, yet given to an unelected technocrat. As a result, there are some unwritten rules the chairman is supposed to observe: stay out of domestic politics while in office, and keep quiet for a while after you leave, to give your successor a chance to establish himself. Paul Volcker, Alan Greenspan’s predecessor, scrupulously observed these rules.

But Greenspan is now 0 for 2.

  Conscience of a Liberal


....but hey, do what you want....you will anyway.


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