Krugman calls Greenspan the worst ex-central banker in the world
October 21, 2013, 9:35 AM
It wasn’t too long ago that former Fed Chairman Alan Greenspan was the toast of Washington, Wall Street and the ivy-covered halls of academia.
No more.
Greenspan’s new book, “The Map and the Territory” is generally being received with a resounding thud.
Prominent economist, columnist and blogger Paul Krugman’s reaction on Monday was perhaps the most succinct. In a post on Sunday, Krugman called Greenspan “the worst ex-central banker in the world.”
Krugman notes that a Washington Post reviewer discovered that Greenspan takes no responsibility for the financial crisis and believes that less government is the best way forward.
Missing from the discussion is that Greenspan’s predictions have been wrong since the crisis, Krugman noted.
“The thing is, Greenspan isn’t just being a bad economist here, he’s being a bad person, refusing to accept responsibility for his errors in and out of office. And he’s still out there, doing his best to make the world a worse place,” Krugman said.
For a more nuanced New York Times take of his book, click on Binyamin Applebaum’s review.
http://blogs.marketwatch.com/capitolreport/2013/10/21/krugman-calls-greenspan-the-worst-ex-central-banker-in-the-world/
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