miércoles, 8 de octubre de 2008

Greenspan's economic bullshit

From the NYTimes, on our number one curency-cruncher, Greenspan: Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient (on record, as recent as 2004). The NYTimes' assessment of Greenspan's tenure is quite severe: Over the years, Mr. Greenspan helped enable an ambitious American experiment in letting market forces run free. Now, the nation is confronting the consequences.