Alan Greenspan testifies before the Angelides Commission on Wednesday. Without wishing him any personal ill will, let’s hope he gets a grilling. We come not to bury Greenspan, but to … well, actually we do come to bury him. For the greater good of all, he and the radical philosophy he represents must be exposed for all to see.
Paul Krugman observed the other day that Greenspan is “still not a mensch,” and that’s putting it mildly. Greenspan’s engaged in a full-scale media blitz to convince the public that he still deserves to be called the “Maestro,” s he once was by an adoring press and DC establishment. But underlying Greenspan’s words and deeds, almost invisibly, is a extremist philosophy that has captured financial policy.