ABOUT TOM WOODS

Thomas E. Woods, Jr., is the New York Times bestselling author of 12 books, including The Politically Incorrect Guide to American History and Meltdown (on the financial crisis). A senior fellow of the Ludwig von Mises Institute, Woods has appeared on MSNBC, CNBC, FOX News, FOX Business, C-SPAN, Bloomberg Television, and hundreds of radio programs... (Read More)



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Greenspan Admits He Was Deliberately Evasive

23rd August 2011      by: Tom Woods     

“Syntax destruction,” he calls it.

So it turns out that critics of the Fed weren’t crazy crackpots after all — former Fed Chairman Alan Greenspan was in fact incomprehensible in his congressional testimony.

Thanks to Bob Murphy for the link.  And here’s Joe Salerno on the economic thought, if you can call it that, of Greenspan.

Unlearn the Propaganda!

  • http://twitter.com/SpecKK Scott K

    I love the Salerno article being proven correct a whole decade(!) later that Greenspan was shooting from the hip with magical thinking and pixie dust.

  • http://twitter.com/thisgamesux THiSGaMeSuX

    That is certainly the most profound bullshit I’ve ever heard in my life.

  • Colorado loves Ron paul

    Just call it doublespeak. That’s exactly what it is. Why does the reporter just laugh and laugh? I would ask if he got that from George Orwell. Then I would ask what else from ‘1984’ did they plan to implement.

  • Anonymous

    Speaking as someone with a degree in econ, this is symbolic of the entire mainstream economic profession.  It certainly isn’t limited to just one Fed chairmen…

  • Jimobject

    Traitor, traitor, traitor. If my wife, Ayn, were still alive, she would have your head, and rightly so, Darth Greenspan.

  • http://www.facebook.com/profile.php?id=1635129445 Court Rand

    He even developed a way of talking out of one side of his mouth

  • http://www.facebook.com/profile.php?id=1635129445 Court Rand

    He even developed a way of talking out of one side of his mouth

  • http://pulse.yahoo.com/_6WDNW4Z6QZLXTZQC7PN4K3XL4A Estaban

    As Americans hang on in quiet desperation we are assailed repeatedly with this narcissistic arrogance and from multiple fronts.  Were it not for the apparent nonsensical civility wrought through guilt mongering manipulations by politicos and banker machinations this obsolete corporatist nation state and this world would be a much better place. Sunshine can dry the pustules if only the people would have the courage to open the blinds and let the inevitable occur.   Now, back to the tequila; enough political amusement for it is Friday and I aim to strike a drunkards pose by no later than nine.

  • http://pulse.yahoo.com/_6WDNW4Z6QZLXTZQC7PN4K3XL4A Estaban

    As Americans hang on in quiet desperation we are assailed repeatedly with this narcissistic arrogance and from multiple fronts.  Were it not for the apparent nonsensical civility wrought through guilt mongering manipulations by politicos and banker machinations this obsolete corporatist nation state and this world would be a much better place. Sunshine can dry the pustules if only the people would have the courage to open the blinds and let the inevitable occur.   Now, back to the tequila; enough political amusement for it is Friday and I aim to strike a drunkards pose by no later than nine.

  • http://pulse.yahoo.com/_6WDNW4Z6QZLXTZQC7PN4K3XL4A Estaban

    As Americans hang on in quiet desperation we are assailed repeatedly with this narcissistic arrogance and from multiple fronts.  Were it not for the apparent nonsensical civility wrought through guilt mongering manipulations by politicos and banker machinations this obsolete corporatist nation state and this world would be a much better place. Sunshine can dry the pustules if only the people would have the courage to open the blinds and let the inevitable occur.   Now, back to the tequila; enough political amusement for it is Friday and I aim to strike a drunkards pose by no later than nine.

  • http://pulse.yahoo.com/_6WDNW4Z6QZLXTZQC7PN4K3XL4A Estaban

    As Americans hang on in quiet desperation we are assailed repeatedly with this narcissistic arrogance and from multiple fronts.  Were it not for the apparent nonsensical civility wrought through guilt mongering manipulations by politicos and banker machinations this obsolete corporatist nation state and this world would be a much better place. Sunshine can dry the pustules if only the people would have the courage to open the blinds and let the inevitable occur.   Now, back to the tequila; enough political amusement for it is Friday and I aim to strike a drunkards pose by no later than nine.

  • http://www.facebook.com/people/Dennis-Spain/675272687 Dennis Spain

    How much suffering this man caused with all his BS!

  • http://www.facebook.com/people/Dennis-Spain/675272687 Dennis Spain

    How much suffering this man caused with all his BS!

  • http://www.facebook.com/people/Dennis-Spain/675272687 Dennis Spain

    How much suffering this man caused with all his BS!

  • http://www.facebook.com/people/Dennis-Spain/675272687 Dennis Spain

    Good observation!

  • http://www.facebook.com/people/Dennis-Spain/675272687 Dennis Spain

    Good observation!

  • http://rickwolff.com Rick Wolff

    And the acceptance of FedSpeak from the committee, with its thanks, proves that his testimony wasn’t the purpose of his appearance. It was so that all attendees could look useful, and concerned, and knowledgeable, and worthy of our trust and our votes, and not of our scrutiny, or our outrage.

    Also, when addressing Congress, Chairman Greenspan has learned less from Ayn Rand than from the improvisational jazz mindset of the saxophone.

  • Alsowins

    Since 1913 the Fed has lied to and stolen from us, with the connivance of the Supremes, Presidents and Congress. It is not sufficient that they all roast in Hell. We need to elect a new crew, who will throw all the Bozos in prison for life and three days.



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