Tag Archives: Alan Greenspan

Ayn Rand’s influence on Alan Greenspan is responsible for the 2008 financial crisis.

Or so is PBS’s thesis in “The Warming”. Pretty convincing. ADDENDUM Wikipedia: Brooksley E. Born is an American attorney and former public official who, from August 26, 1996 to June 1, 1999, was chairperson of the Commodity Futures Trading Commission … Continue reading

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I met with Alan Greenspan. He reads Midas Oracle on a daily basis. I have the photo to prove it. Take a look.

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You know what I thought when I first saw that picture (little Fogarty planted next to Master Of Credit Alan Greenspan)?… I thought, well, it’s about time that the prediction market industry does the “product endorsement by celebrity” marketing thing. BetFair premiered that with John McCririck.

- TV-famous horse racing pundit: John McCririck. – - John McCririck endorsing BetFair

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Look at the inconsistency between the two faces. Mat Fogarty is jubilant like if he had just stolen a big client from Inkling. Alan Greenspan, on the other hand, has a constipated look that conveys that he is fed up with all those conference co-speakers asking him out for a photo op.

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What prediction market software improvement did Alan Greenspan suggest to Xpree’s Mat Fogarty?

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We will never have a perfect model of risk. — by Alan Greenspan

The most credible explanation of why risk management based on state-of-the-art statistical models can perform so poorly is that the underlying data used to estimate a model’s structure are drawn generally from both periods of euphoria and periods of fear, … Continue reading

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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

Signed: –> Alan Greenspan, former chairman of the Federal Reserve Board, and self-described “libertarian Republican”. UPDATE: “I was not saying that that’s the administration’s motive,” Greenspan said in an interview Saturday, “I’m just saying that if somebody asked me, ‘Are … Continue reading

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Alan Greenspan will kill Marginal Revolution.

Via JC Kommer, Alan Greenspan (the former chairman of the US Federal Reserve board) is now blogging —with Amazon.com’s sponsorship, it seems. A trick to get more people to link to the Amazon site, I guess. (Like JC Kommer, I … Continue reading

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How the Fed accelerated the inflation it is now confronting

From today’s WSJ: The nearby chart from economist Arthur Laffer offers an instructive summary of recent monetary history. It compares actual prices, as measured by spot commodity prices, to the fed funds rate, which is a rough proxy for tighter … Continue reading

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The mainstream media try to silence Republican presidential candidate Ron Paul. It’s a giant conspiracy.

— The two-sentence excerpt run by NBC News (Brian Williams – Thursday, May 17, 2007): They attack us because we’ve been over there. We’ve been bombing Iraq for 10 years. And then Alan Greenspan’s spouse cut Ron Paul abruptly to … Continue reading

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