A Real Phony
"You’re wrong. She is a phony. But on the other hand you’re right. She isn’t a phony because she’s a real phony. She really believes all this crap she believes. You can’t talk her out of it…. She’s nuts."
-Of Holly Golightly, from Truman Capote’s Breakfast at Tiffany’s (1958)
"While central planning may no longer be a credible form of economic organization, the intellectual battle for its rival – free-market capitalism – is far from won."
"Anti-capitalist virulence appears strongest from those who confuse "crony capitalism" with free markets. Crony capitalism abounds when government leaders, usually in exchange for political support, routinely bestow favours on private-sector individuals or businesses. That is not capitalism. It is called corruption."
-Former Federal Reserve Chairman Alan Greenspan, who centrally controlled and underpriced the most over-leveraged interest rate in the world for 18 years and is now cashing in like a reality TV celebrity. Financial Times, January 30, 2012, under the fanciful title: "Meddle with the Market at Your Peril"
Shame Greenspan didn’t speak up before now.
As someone who enjoyed the favours bestowed on him by government leaders, Greenspan comes across as a hypocrite of the highest order.