Friday, December 14, 2007

Worse Than That

Paul Krugman describes Alan Greenspan as being:

"like a man who suggests leaving the barn door ajar, and then - after the horse is gone - delivers a lecture on the importance of keeping your animals properly locked up."

Actually that's not really an accurate description of Greenspan. Greenspan has been much worse than that. A more accurate description would be that Greenspan is like a man who explains to people the importance of keeping the animals locked up in order to avoid having the animals running away, only to proceed to open the door of the barn and then after the horse is gone tell everyone that the fact that he opened the door had nothing to do with the loss of the horse.


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