I suspect that Greenspan's reasons for loving capitalism are the same as Ayn Rand's. If you are a non-believing Jew, could not contemplate ever taking Christianity seriously, are troubled by Socialism, what is left? Pure greed, attributed to poor Aristotle, and justified with eighteenth-century rhetoric.
Rand never became Fed chairwoman, so she could stick to her maniacal idea. Greenspan could not, since capitalism, as Schumpeter taught us, leads to collapse; Greenspan had to modify the true faith.
Oct 16 2007 - 3:44pm