Uncle Alan

For those of you who still have faith in Greenspan, or even care about him any more since the 90s tech bubble burst, Paul Krugman has a thing or two to say.

On a sort of tangent on bashing Greenspan, I don't think that monetary policy is totally useless, but it depends on the kind of economy you're planning to use it in. We've had interests rates as low as Tom Delay for the past couple years and the economy hasn't recovered. As for the jobs figure this month, that's only new hires, not net gains/losses (it's a net loss if you were wondering), and this is either Chimpy's best number or close to his best. Maybe someone should start thinking about raising taxes.