And we know who helped break it

01/22/2004 Mises Wire Sean Corrigan

“There’s been too much gaming of the system until it is broke. Capitalism is not working! There has been a corrupting of the system of capitalism.” - Federal Reserve Chairman Alan Greenspan, speaking of mounting corporate scandals during a February 2002 meeting of the president’s working group on corporate governance. Quoted from “The Price of Loyalty: George W. Bush, the White House and the Education of Paul O’Neill” by Ron Suskind.

For more Greenspaniana, see my article on Currency Wars today on Mises.org

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Sean Corrigan

Sean Corrigan is the author of ‘Money, Macro & Markets’ newsletter & Consultant to Hinde Capital.

Negative Rates, Negative Outcomes

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Nor should we allow ourselves to be browbeaten by the IPCC carbophobes when they use dubious science and worse economics to make us believe that the entire planet is in imminent danger of a cataclysmic collapse unless we ordinary folk (though, naturally, not the cosseted members of the Green Sanhedrin itself) give up all hope of a better standard of living.

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