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The Non-Existent Hand

Joseph Stiglitz: How to Save Capitalism, 22 April 2010

Keynes: The Return of the Master 
by Robert Skidelsky.
Allen Lane, 213 pp., £20, September 2009, 978 1 84614 258 1
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... pushed – that markets are efficient and self-adjusting – gave comfort to regulators like Alan Greenspan, who didn’t believe in regulation in the first place. They provided support for the movement which stripped away the regulations that had provided the basis of financial stability in the decades after the Great Depression; and they gave ...

Buchanan has it right

Edward Luttwak, 9 May 1996

... for Bush, Perot or Clinton in 1992, and then for Newt Gingrich in 1994, are actually governed by Alan Greenspan, Chairman of the Federal Reserve, just as Germans are governed by the Bundesbank, Japanese by the Nihon Ginko and so on. Two generations ago, their predecessors compounded the third-phase natural deflation of the late Twenties by demanding ...

Give me the man

Stephen Holmes: The pursuit of Clinton, 18 March 1999

Sexual McCarthyism: Clinton, Starr and the Emerging Constitutional Crisis 
by Alan Dershowitz.
Basic Books, 275 pp., £15.95, January 1999, 0 465 01628 6
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The Case against Lameduck Impeachment 
by Bruce Ackerman.
Seven Stories, 80 pp., $8, February 1999, 1 58322 004 6
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... Goldman Sachs’s Robert Rubin to preside over the American economy, and retained and deferred to Alan Greenspan, Clinton has obviously been a good President for the business community. Indeed, he’s been so pro-business that he could not be successfully attacked by Republicans for his economic policies. So why should businessmen, who are nothing if not ...

First Puppet, Now Scapegoat

Inigo Thomas: Ass-Chewing in Washington, 30 November 2006

State of Denial: Bush at War 
by Bob Woodward.
Simon and Schuster, 560 pp., £18.99, October 2006, 0 7432 9566 8
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... kind of fall: tragic early death. He wrote books about the CIA and the Pentagon, on Clinton and Alan Greenspan, carrying on at the Post as well, making a name for himself as a reporter and author others wished to emulate. He’d brought down a president: journalistically, what can beat that? He’s now more famous and must be wealthier than any other ...

As Astonishing as Elvis

Jenny Turner: Ayn Rand, 1 December 2005

Ayn Rand 
by Jeff Britting.
Duckworth, 155 pp., £12.99, February 2005, 0 7156 3269 8
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... among them Rand’s eventual heir, Leonard Peikoff, and a young clarinet-playing economist called Alan Greenspan. The NBI started out giving lecture courses in hired hotel rooms, but by 1963, according to Barbara Branden, NBI classes were being offered in 54 US cities; two years later the number had risen to 80, and there were plans to take the institute ...

Like Boiling a Frog

David Runciman: The Future of Wikipedia, 28 May 2009

The Wikipedia Revolution 
by Andrew Lih.
Aurum, 252 pp., £14.99, March 2009, 978 1 84513 473 0
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... a word by Ayn Rand, and though I know she is an object of veneration in some surprising places (Alan Greenspan, for instance, is a fan), the little bits I have picked up always sounded a bit bonkers to me.* So this seemed a good test of Wikipedia’s much vaunted NPOV (neutral point of view): I would look her up on Wales and Sanger’s encyclopedia to ...

Is it Art?

John Lanchester: Video games, 1 January 2009

... is the fact that she was also the main intellectual influence on her close friend and protégé Alan Greenspan, author of the recent monetary boom we were all enjoying so much until it destroyed the world economy. The only thing which isn’t ridiculous about Rand and her ‘objectivism’ is the number of people who take her seriously. It would be a ...


James Harkin: Tweet for the CIA!, 2 December 2010

Death to the Dictator! Witnessing Iran’s Election and the Crippling of the Islamic Republic 
by Afsaneh Moqadam.
Bodley Head, 134 pp., £10.99, May 2010, 978 1 84792 146 8
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The Net Delusion: The Dark Side of Internet Freedom 
by Evgeny Morozov.
Allen Lane, 408 pp., £14.99, January 2011, 978 1 84614 353 3
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Blogistan: The Internet and Politics in Iran 
by Annabelle Sreberny and Gholam Khiabany.
I.B. Tauris, 240 pp., £14.99, September 2010, 978 1 84511 607 1
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... leaderless, just-in-time disorganised organisation didn’t seem to help. In the late 1990s Alan Greenspan ridiculed the fashionable notion that the dot-com economy could overturn the traditional laws of economic profit and loss: he called it ‘irrational exuberance’. There is now an irrational exuberance about the potential of social ...

A Hard Dog to Keep on the Porch

Christopher Hitchens, 6 June 1996

... the Mall every time. Lloyd Bentsen, the prince of Capitol influence-peddlers, gets the Treasury. Alan Greenspan, the reactionary fan of Ayn Rand, who has roosted at the Federal Reserve these many years, is beseeched to ‘stay on’. Winston Lord, an old Kissinger hand, gets the Asia desk at State. Les Aspin, a plaything of the military contractors, is ...

The Gatekeeper

Adam Tooze: Krugman’s Conversion, 22 April 2021

Arguing with Zombies: Economics, Politics and the Fight for a Better Future 
by Paul Krugman.
Norton, 444 pp., £13.99, February, 978 0 393 54132 8
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... erratically – central bankers resorted instead to ad hoc decision-making, personified by Alan Greenspan, the guru of the Federal Reserve in the 1990s and early 2000s. If they were independent of elected politicians they were also free to ignore academic economics. The massive interventions used to stabilise the financial system were ad hoc ...

Towards the Precipice

Robert Brenner: The Continuing Collapse of the US Economy, 6 February 2003

... the economy totters towards the precipice. According to the official story – told not only in Alan Greenspan’s testimonies to Congress but in the Council of Economic Advisers’ Economic Report of the President 2001, the last under the Clinton Administration – the stock market hothoused a technological revolution in the 1990s which allowed the US ...

The Italian Disaster

Perry Anderson, 22 May 2014

... of financial deregulation and credit expansion, even its architects now more or less admit – see Alan Greenspan. Intertwined across the Atlantic, European banks and real estate operations were as deeply involved in the debacle as their American counterparts. In the EU, however, this general crisis was overdetermined by another peculiar to the Union, the ...

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