Sunday, October 20, 2013

GREENSPAN'S REGRESSION TOWARD THE MEAN

Despite hints of rational self-awareness in his 2007 book, The Age of Turbulence, Alan Greenspan has reverted to the economic myopia common to libertarians in his newly published book, The Map and the Territory,  which is more free-market fairy agit-prop, not all that much better than the idiotic comments of Glenn Beck, as Paul Krugman notes:
It is, in particular, more than three years since he warned that we were going to become Greece any day now, and declared the failure of inflation and soaring rates to have arrived already “regrettable.”

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