04.08.08
Alan Greenspan’s apologia
Pointed out by Paul Krugman, this little analysis of Alan Greenspan’s self-justifications is worth reading. The conclusion:
When Richard Nixon tried to rehabilitate his reputation, he didn’t dispute the horrific errors of judgment he made while in office. He instead made useful, substantive intellectual contributions on other fronts. But Greenspan is an ideologue and intellectually bankrupt, so this option may not be open to him.
