Former Federal Reserve Board chair Alan Greenspan shared his wisdom on Face the Nation yesterday. His wise words were presented in the top of the hour news segment on Morning Edition.
Greenspan is best known for being unable to see the $8 trillion housing bubble, the collapse of which wrecked the economy. Given Greenspan’s obviously limited understanding of economics, one wonders if Face the Nation and NPR were unable to find a street drunk to share their views.
From “Greenspan on Face the Nation and Quoted on NPR“, posted on The Center for Economic and Policy Research website, by Dean Baker.
To some extent, Greenspan could symbolize the stupidity of America’s ruling elites. Village idiots elevated to prestige and power.