26.10.08

More WMD - word mangling dissembling

Not exactly on a par with 'truthiness', but close

Times - Now, in the pantheon of great public apologies, how do you think the following rates? “I have found a flaw in the . . . critical functioning structure that defines how the world works. I have been very distressed by that fact.”

That’s Alan Greenspan, the former boss of the US Federal Reserve, sort of confessing that the philosophy in which he believed, and on which the US economy was predicated, was, in the end, a nonsense.

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