Tuesday, October 02, 2007

Greenspan's forbearance

Megan McArdle admires Alan Greenspan's forbearance in the face of Naomi Klein's aggressiveness:
My favorite moment is when Naomi Klein accuses Greenspan of having pursued a crisis of faith in capitalism through his income-inequality producing policies of privatisation, deregulation, and free trade, which is a terrific twofer: not only have none of these things been convincingly linked to income inequality; but also, none of them have anything to do with Alan Greenspan's job at the Federal Reserve. Nonetheless, Greenspan a) doesn't point out that she's completely ignorant b) keeps his temper and c) tries to actually explain the problems of income inequality. I doubt I'd be so well behaved.
The updates are amusing as well.

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