“Chairman” Greenspan’s CYA comment yestereday that the only mistake he ever made was to believe that markets were “self regulating” is of course typical of how politicians never, ever, take responsibility for anything that goes wrong. They always take responsibility for what goes right, even if they had nothing whatsoever to do with it. Remember all the articles and books about “the maestro” who was supposedly responsible for all the world’s prosperity that were written by the ignorant dumbasses in the media (and academe)? The “Chairman” showed no modesty at all and believed every word of it.
His comment reminded me of a panel discussion on education that I was on almost twenty years ago in Tennessee. With me on the panel was the head of the Tennessee state teachers’ union and the top school administrator of the Tennessee public schools. The topic was how to achieve “accountability for results” in schooling. The union goon and the bureaucrat went first, and went on and on about how the BIG PROBLEM with public schools is that it’s impossible to determine just who is responsible for the results. When my turn came my first remark was to point with both hands at the previous two speakers and say that I had no problem whatsoever determining who to hold responsible. No one was more responsible for the disastrous public schools in Tennesse than the head of the teachers’ union and the top bureaucrat. This was in a room full of a couple of hundred education bureaucrats.
Lying weasels like Alan Greenspan need to be confronted, publicly condemned, humiliated, ridiculed, and characterized as the public enemies that they are.
