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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (233922)12/22/2009 2:11:44 AM
From: NOWRead Replies (1) of 306849
 
The Crazy, Crazy People Running This Planet
from A Tiny Revolution by Jonathan Schwarz

While chairman of the Federal Reserve, Alan Greenspan was perhaps the most powerful person on the planet. He was certainly always in the top three. And he was a lunatic.

You may remember this letter to the editor by Greenspan that appeared in the New York Times in 1957, when he was 31 years old:

Atlas Shrugged is a celebration of life and happiness. Justice is unrelenting. Creative individuals and undeviating purpose and rationality achieve joy and fulfillment. Parasites who persistently avoid either purpose or reason perish as they should.

Uh...that is quite an interesting insight, Mr. Money Guy. *backing away slowly*

But there's more, from this interview with economist Paul Samuelson shortly before he died:

And this brings us to Alan Greenspan, whom I've known for over 50 years and who I regarded as one of the best young business economists. Townsend-Greenspan was his company. But the trouble is that he had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy. He actually had instruction, probably pinned on the wall: "Nothing from this office should go forth which discredits the capitalist system. Greed is good."

It's amazing any of us are still alive.

—Jonathan Schwarz
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