From last night’s “Frontline”:

Greenspan, remember, always said that he was a believer in Ayn Rand, a believer in free market. Little bit curious for a central banker, because what is central banking? It’s a massive intervention in the market, setting interest rates. So to me, that kind of perspective, to say, “I believe in free markets, but I’m going to accept the job at central banking,” is a contradiction. You almost have to be schizophrenic.

Whole thing is fascinating.

Start here.

Blue Texan

Blue Texan

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