Alan Greenspan and Ayn Rand
Alan Greenspan is dead. The cult of Ayn Rand has lost one more adherent.
Evidence that the world might be getting better
Pharyngula
Evolution, development, and random biological ejaculations from a godless liberal
Alan Greenspan and Ayn Rand
Alan Greenspan is dead. The cult of Ayn Rand has lost one more adherent.
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And so the day begins.
Frankly wish it was someone who is in power and is dumber and more dangerous than either Greenspan or Rand.
I hadn’t thought of Greenspan in years, although I did ask my son recently if he had read Rand. He said he couldn’t stand her, which surprises me because he expresses opinions that echo hers. I think he gets some of his ideas from Joe Rogan.
Remember when Greenspan called the perpetrators of the home loan fraud industry as “the best and the brightest”? He claimed that even they did not understand the complex derivatives they were selling. They were not the best and the brightest, They were the most greedy, grasping, and unethical. They may not have understood what they were selling (except for the fantastic bonuses they got for fleecing the suckers), but that’s no excuse. Instead of being bailed out and given golden parachutes they all should still be rotting in federal prisons until they are carried out in body bags.
wooooooo!
I know this is not ‘kind’, but, I’m glad to hear it. I hate plutocratic crapitallism. To use a parallel to E.T.T.D., Everything Crapitallism Touches Turns To Crap. Those two you pictured were so very destructive.
A man as toxic as his name.
Time to find a place where all Greenspan’s dead-wrong and disproven bullshit gets quoted. That’s the treatment Buckley got. Maybe Bluesky, I haven’t been there yet…
BBC news obviously doesn’t believe in saying good things about the dead:
‘Alan Greenspan, architect of the modern American economy…’
lasius@5– I don’t understand. What is so toxic about his name?
@8 chrislawson
Grünspan (“Spanish green”) is the German term for copper(II) acetate.
Another egoist bites the dust. That’s for the best I think.
Greenspan once made me laugh when, testifying before Congress during the great recession debacle, he was shocked—shocked—that companies hadn’t acted in their own best interest. A minor giggle was the notion that a company is an entity with intelligence and will; the bigger guffaw was that, as near as I could tell, the natural persons who caused the mess had acted very much in what they perceived to be their own best interest, and were largly correct in that estimation.
I was rather surprised to hear he was recently still alive.
Here is another ‘tribute’ to the destroyer of economies:
https://mockpaperscissors.com/2026/06/22/254218/
The world is getting worse. Greenspan’s death is irrelevant. The damage is already done.
Time for Steven Pinker to write an update to his book on how everything is getting better.
“Alan Greenspan is dead. See, the world actually is getting better.”
And, of course, Lawyers, Guns & Money had their own tribute: “Rare, Notable Exceptions“. Title derived from actual quotes from Greenspan, such as “With notably rare exceptions, Newt Gingrich is a loyal and faithful husband.”
(It wasn’t just the economy he was horribly wrong on.)
Jenora Feuer @ # 15: … actual quotes from Greenspan, such as “With notably rare exceptions, Newt Gingrich is a loyal and faithful husband.”
Per the LGM piece you link to, that quote came from “the internet” mocking Greenspan’s feeble excuse-making for the Bush Recession of 2008.
At least the mayfly attention span of modern media will sweep away the corporate-media homages to AG almost as fast as it did the exposure of his responsibility for ’08.
Here’s Robert Reich’s take on Greenspan:
R.I.P. Alan Greenspan: You were charming, thoughtful, powerful, and wrong
But the truth must be told: If any single person was responsible for the financial crisis of 2008, it was Greenspan. That crisis — the worst collapse since 1929, which led to the worst recession in decades, in which millions of Americans lost their jobs, savings, and even their homes — resulted from the deregulation of Wall Street that Greenspan advocated.
Greenspan pushed Clinton and Congress to repeal the Glass-Steagall Act, which since the Depression decade of the 1930s had separated investment banking from commercial banking, thereby preventing banks from gambling with personal savings. He also argued vigorously against regulating derivatives — essentially, financial bets on financial bets — that proved to be weapons of mass financial destruction.
I reckon the fact he died at age 100 indicates he was not personally sybaritic.
John Morales @ # 18 – Pls consider the reported lifestyle and lifespan of Henry Kissinger.
@ ^ Pierce R. Butler & #18. John Morales : Two words
Mick
&
Jagger!