Ayn rantings

Krugman (remember, your Times links are limited):

Greenspan writes in characteristic form: other people may have their models, but he’s the wise oracle who knows the deep mysteries of human behavior, who can discern patterns based on his ineffable knowledge of economic psychology and history.

Sorry, but he doesn’t get to do that any more. 2011 is not 2006. Greenspan is an ex-Maestro; his reputation is pushing up the daisies, it’s gone to meet its maker, it’s joined the choir invisible.

He’s no longer the Man Who Knows; he’s the man who presided over an economy careening to the worst economic crisis since the Great Depression — and who saw no evil, heard no evil, refused to do anything about subprime, insisted that derivatives made the financial system more stable, denied not only that there was a national housing bubble but that such a bubble was even possible.

If he wants to redeem himself through hard and serious reflection about how he got it so wrong, fine — and I’d be interested in listening. If he thinks he can still lecture us from his pedestal of wisdom, he’s wasting our time.

5 thoughts on “Ayn rantings

  1. I think Krugman mentioned in his blog that you could still get to his column through his twitter feed. A backdoor as it were.

  2. Anyone know how the paywall breeches work?

    For example, if I get to the Times via Krugman’s tweets, can I then move around to thinks shown in the sidebar, click on links in the top bar? Or, is it just the one article that’s open that way?

    How does it work if I follow a link from a blog? One article, or in like Flynn and around the Times one can click away?

  3. I’m not sure but I don’t think you’ll be able to get to other articles through the back door. The twitter feed to Krugman and that’s it. But still, if it’s Krugman you want, it will work.

  4. I was doing some reading around 1960s London for a story idea, and the Piranha Brothers were not just the Kray twins. Nailing people to the floor was something the Richardsons did.

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