Buffoon? Come on. If you want to see buffoons, hang out at Walmart. You simply can’t get to a position like the Chairman of the Federal Reserve by being a buffoon.
What Greenspan is is a highly intelligent guy who has totally compromised whatever core beliefs or principles he once had for political expediency. He was once a follower of Ayn Rand — my guess is that he knows what is right, he just doesn’t have the courage to do it. He also can’t take responsibility for his mistakes—which is why he STILL can’t admit any culpability for the Housing bubble.
I suspect he knows his legacy has gone to crap and this is his last, lame attempt to save it. Epic fail, Alan—epic fail.
Greenspan even contributed an artcie to one of Ayn Rand’s books in which he argued in favor of the gold standard. How’s that for irony.