Over at Mondoweiss
"I know, I probably don’t know what I’m talking about here. But oh is this choice. From Huffpo:
As top Federal Reserve officials debated whether there was a housing bubble and what to do about it, then-Chairman Alan Greenspan argued that dissent should be kept secret so that the Fed wouldn’t lose control of the debate to people less well-informed than themselves.
"We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand," Greenspan said, according to the transcripts of a March 2004 meeting.
Note that Greenspan wrote in his memoir that the Iraq war was a war for oil. Was he telling us the truth then? Or merely throwing another false scent.