> Financial Times - March 8, 2009
> <http://www.ft.com/cms/s/0/c6c5bd36-0c0c-11de-b87d-0000779fd2ac.html>
> “Governments bad; deregulated markets good”: how can this faith escape
> unscathed after Alan Greenspan, pupil of Ayn Rand and predominant
> central banker of the era, described himself, in congressional
> testimony last October, as being “in a state of shocked disbelief”
> over the failure of the “self-interest of lending institutions to
> protect shareholders’ equity”?
Isn't this what they do, every coupla generations or so? They have a pig-orgy at the trough, pass out, beshit the sty, then let the Gummint shovel the manure for a decade or two. Once things settle down, they wake up and start to feed again.
As the Twenties, then the Thirties, so now. Stay tuned: will 1939 recur, too?
Your guess is as good as mine. Better, probably.
--
Michael Smith mjs at smithbowen.net http://stopmebeforeivoteagain.org