Tuesday, August 5, 2008
Toilet bowl cleaner Alan Greenspan's psycho babble on the US economic ills
Toilet bowl cleaner & former US Fed chief Alan Greenspan thinks it makes for bad economics to 'call to contain competitive markets'. Well he shouldn't know since the subprime meltdown and lax regulation of the markets and current economic woes can be laid at his doorstep. Here's the kernel of wisdom of this radical free marketeer: "market capitalism is being pilloried but the cause of our despair is humanity's propensity to sway from fear to euphoria and back". Now aint that a kick in the head? Tell that to the foreclosed home owner or a pensioner on a limited income and hard working people who are finding it hard to make ends meet. This man belongs in gaol for his economic bumbling or in a padded cell for his looney tunes wisdom.
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