Poor little innocent Alan Greenspan is shocked, SHOCKED, I TELL YOU, by the Bush administration’s budget deficits and loss of fiscal discipline. What a shame that the brilliant Greenspan was never in a position to do something it about it and maybe even prevent it.
Oh … wait. Never mind!
So are you planning to run out and buy Greenspan’s self-serving, history-rewriting The Age of Turbulence? 
There’s really no need to, because I’ve summed up the former Federal Reserve Chairman’s new book in a single haiku:
Curb Your Age Of Turbulence Enthusiasm
By Madeleine Begun Kane
Panning fiscal acts
He once endorsed, Greenspan feigns
Bystander status.
Technorati Tags: Alan Greenspan, Federal Reserve Chairman, Political Memoirs, Fiscal Discipline, Bush Administration, The Age Of Turbulence, Budget Deficits, Self-serving Memoir, Innocent Bystander, U.S. Budget Humor
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September 17th, 2007 at 12:17 pm
Exactly so, Mad… also a lot shorter to read, and, fortunately, lacking Greenspan’s usual econo-babble and self-justification. Thanks!
September 17th, 2007 at 5:13 pm
Thanks, Steve!
September 18th, 2007 at 11:19 am
Perfect; I dealt with trying to parse this guy’s econospeak for years when I worked the markets, and it was beyond frustrating to see how well he could fill the air with words that never clarified or stated anything. THe worse however is when he DID say that ARMs are a good idea, which was just at the point when the savvy Wall Street boys were starting to see the potential cracks in the system. I recall telling a retired friend about what he said; her comment was “that’s crazy, he would never say something like that”. Right.
September 18th, 2007 at 11:55 am
Basho would be proud.
September 18th, 2007 at 12:28 pm
[…] Curb Your Age Of Turbulence Enthusiasm By Madeleine Begun Kane […]
September 18th, 2007 at 12:30 pm
Thanks KitE and Nebris!
September 18th, 2007 at 12:53 pm
Objectivism
Means never having to say
Anything at all
September 18th, 2007 at 1:04 pm
Nice haiku, John. Thanks!
September 18th, 2007 at 6:57 pm
To suppose that ANY words written about free market economics, by the former Chairman of the Federal Reserve Board - who fixed the price of money in secret for the unimaginable enrichment of any extraordinarily tiny clique, the mostly male, largely white members of the well-connected inter-locking directorate of the world’s most powerful entities, and obfuscated that one simple fact for over two decades - to actually and rationally think that he will divulge any mystery or enlighten anyone with any additional utterance supposedly rich and full of robust, profound and clarifying wisdom, is as foolish as Allan is continually conniving.
Every con needs a great misdirection and central banking is the greatest illusion ever perpetrated, most certainly proved by the longevity of its current stage run. Alas, even Sigfried & Roy never made a tiger disappear, but only seem to, and their act came to a near fatal end.
I recommend not committing to making the bunting to celebrate the 2013 legislative centennial of the Fed until the last minute.
September 21st, 2007 at 8:11 am
#3 Edition: Carnival of Everything Finance…
Welcome to the September 21, 2007 edition of Carnival of Everything Finance.
We had over 60 really good articles submitted for this edition.
Editor favorites have “*” on them.
Earning Money……
September 23rd, 2007 at 8:29 am
[…] Madeleine Begun Kane presents Curb Your “Age Of Turbulence” Enthusiasm posted at Mad Kane’s Political Madness. […]
September 25th, 2007 at 5:05 am
[…] Madeleine Begun Kane presents Curb Your “Age Of Turbulence” Enthusiasm posted at Mad Kane’s Political Madness. At the other end of the spectrum (lengthwise, that is), Madeleine cracked me up with her brilliant haiku summary of Greenspan’s "self-serving, history-rewriting The Age of Turbulence". […]
October 8th, 2007 at 12:54 am
Columbus Day Carnival of Principled Government…
About 1435, a baby boy was born who grew enjoying the busy seaport of Genoa, Italy. Inspired by the ships pulling in and out of the harbor, young Christopher Columbus decided he did not want to be a cloth maker like his father. “His education, t…