Monday, September 17, 2007

A Boring Scandal

The Greenspan book got a bunch of press this weekend. Why? Becuase the Maestro was supposed to have said that George Bush is an idiot, Hillary Clinton a genius, Bill Clinton a hero and the Iraq war was about blood for oil.

Well, more or less anyway.

As it turns out, of course, he said none of those things or anything even close to them. Saturdays are great days for this sort of thing. The media can slip off the wall stuff like this in, nobody sorts it out until Monday and by then the damage is done.

Anyone who ever heard Alan Greenspan knew that he didn't make any such bold pronouncements. The key to being a central banker is to say very little and say it blandly... And Alan Greenspan was a great central banker.

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