Friday, 24 October 2008

Greenspan - "I was wrong"

Now, this is interesting. Alan Greenspan has admitted that his ideology of the past 40 years was flawed, and needed to be changed in light of the recent financial meltdown. He doesn't seem to have mentioned the recurring cycle of bubbles and crashes which might prompt government.

Well, regardless of any other bones you might pick with Greenspan, this puts him head and shoulders above the Bush Administration and the wingnuts who support them. Congratulations, Alan.

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