Blogs > Liberty and Power > "When Greenspan Really Gets Going"

May 23, 2004

"When Greenspan Really Gets Going"




Gerard Baker has a satirical pice in the Financial Times of May 19th. It is listed as an article dated March 27th, 2026, in which Alan Greenspan celebrates his 100th birthday and appoinment to an 11th term as chairman of the Federal Reserve Board.

A quote attributed to Greenspan is indicative of how the Chairman can appear to be all things to all people, and remains the great obfuscator:

"There is proliferating evidence that centenarian policymaking is producing markedly salutary benefits on the long-run performance of the global economy. This transformation in the work-leisure balance of the superannuated is occurring without serious impairment to productivity levels and is significantly enhancing the prospects for intergenerational knowledge transfers,"



comments powered by Disqus

More Comments:


Roderick T. Long - 5/27/2004

The problem with this imaginary "obfuscatory" sentence is that it's perfectly clear!