The ex-Randian ex-Fed chairman now says that there is a better than 50% chance of a recession. But in private, for those who pay him huge fees on Wall Street, he is saying that the “economy is dropping off a cliff.” That is especially thanks to Greenspan and the rest of the regime. Ayn Rand’s nickname for him was “The Undertaker.” That should be his public nickname too, with the central bank as the funeral home of prosperity. (Thanks to Joe.)
