Alan Greenspan bade us farewell today. A man who was celebrated as the central bankers' central banker based on the conviction that markets are divine and volatility is a virtue.
His epitaph? A singular, glorious confession: “I found a flaw in my model of the world.” A flaw, he said, as though it were a leaky pipe, not a total collapse of the intellectual architecture that anointed him Oracle. For decades, he preached that the self-interest of the predator was the invisible hand of the common good.
Then, in 2008, the beast devoured the table, and to his credit he blinked, admitting that his entire worldview—the one that central bankers canonized and the world swallowed—was a fairy tale for rentiers.
He did not, of course, admit to culpability. That would require a moral compass, a device notably absent from his Ayn Randian toolbelt. No, he merely noted the flaw, as a meteorologist might note a gust of wind, and returned to his well-earned silence.
So farewell, Maestro. You helped erect a broken global casino economy, but at least you had the decency to read the autopsy report aloud. Alas, countless millions are still paying for your asterisk. https://t.co/ftWXeIeAQr
"Os altos e baixos da Era Dunga (como treinador) | O ciclo completo da Copa de 2010" é o novo vídeo do meu singelo canalzinho, o Por Onde Andrey. Considere se inscrever :)
https://t.co/UyEV0WAOXo
If this was a blind ballot and you only saw a campaign's backers, which side would you pick?
But this isn't a hypothetical.
On the left are Xavier Becerra's backers.
Tom Steyer's endorsements on the right.
They can build a data center or a detention center overnight.
But they can’t build high speed rail from LA to the Bay?
Dump the Dems. Ditch the duopoly.
https://t.co/eOZhL9hhnp
@HorrorGorl We tried blue, have Obama a supermajority and he bailed out the banks who kicked us out of homes.
We all know red is terrible.
But if blue doesn't deliver when they have power, red will keep coming back.
Maybe it's time to try something other than the duopoly.
Myth: If we tax billionaires they won't create jobs.
Fact: Last year, billionaires got the largest tax break in history. Now, they are literally planning to replace every worker in America with a robot or AI.
Trickle down economics is a scam. Tax billionaires out of existence.
@JeremiahDJohns Laundry list of activists asks?!? Where?!? Nothing has changed! No minimun wage increase, no student loan relief! The last Dem Congress paved the way for Trump 2.0!
Republicans are red. Democrats are blue.
Ask yourself: what have they actually done for you?
Affordable housing? No.
Free healthcare? No.
Billions on warfare? Every. Single. Time.
They manufacture culture wars so billionaires can keep taking.
We're taking it back.
New dawn. Same fight. Power to the people.
https://t.co/fvb1im5Hzn
#WolffBites: Half of US teachers quit within first 5 years. Reasons given: low pay, overwork, no respect. Very bad for economy now and for the future. US gov't ignores this problem 100%. Pretends it is not there.
https://t.co/AkUOcunssc