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Jim Grant Eviscerates Greenspan

Posted By Barry Ritholtz On April 7, 2010 @ 2:38 pm In Federal Reserve,Video | Comments Disabled

* 0:15 Greenspan needs to be liked, “He’s just a guy in a business suit”
* 1:03 Greenspan might say he is against central planning, but he actually loves it via setting interest rates
* 3:00 Greenspan seen as a savior via his rate, encouraged risk
* 3:50 Greenspan came in as Ayn Rand’s acolyte, left as a panderer to power
* 6:25 The way Greenspan thinks is as a theoretical economist, and he disdains those financial thinkers who believe they were right

Read more: http://www.businessinsider.com/jim-grant-alan-greenspan-2010-4#ixzz0kRP4SlAz


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