Paul Krugman, the former financial advisor to Enron, and the columnist I find to be the worst economic thinker in history, in his latest attack on social security privativation calls Chairman Greenspan a "partisan hack" in his column called Three-Card Maestro:
"On Wednesday Mr. Greenspan endorsed Social Security privatization. "
"...a disturbing thing about Wednesday's hearing was the deference with which Democratic senators treated Mr. Greenspan. They acted as if he were still playing his proper role, acting as a nonpartisan source of economic advice. After the hearing, rather than challenging Mr. Greenspan's testimony, they tried to spin it in their favor.But Mr. Greenspan is no longer entitled to such deference. By repeatedly shilling for whatever the Bush administration wants, he has betrayed the trust placed in Fed chairmen, and deserves to be treated as just another partisan hack. "
The entire world hangs on Dr. Greenspan's every word to Krugman's chagrin.
Friday, February 18, 2005
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