Friday, October 24, 2008

Huh.

Former Federal Reserve Chairman Alan Greenspan has admitted that he made a mistake. When I first read the headline, my initial response was "Finally!"

Until I read the article. Then I found out that he doesn't see what he did wrong--he's only parroting leftist talking points that he'd assumed the market would work, and wrongly opposed regulatng it.

At least he also said that "onerous regulation" would have stifled the unprecedented growth we've seen over the past couple of decades.

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