Quantcast

Will Greenspan Tell the Truth? | The Nation

  •  

Will Greenspan Tell the Truth?

  • Share
  • Decrease text size Increase text size

Like others who write for money, I immediately started calculating author Alan Greenspan's word rate. He is writing an $8 million book. Suppose it's 500 pages long: That's $16,000 a page. If the computer is set properly, he will earn $500 a word. This calculation is not made in envy but for vicarious pleasure. Imagine sitting at the keyboard, you type a word--ka-ching--another $500 richer.

About the Author

William Greider
William Greider
William Greider, a prominent political journalist and author, has been a reporter for more than 35 years for newspapers...

Also by the Author

There’s a frightening enthusiasm for war among pundits—and now the public seems ready to go along too.

The orthodox American policy is that if challenged, the US must go to war to prove itself, to show the world it is still Superman and willing to shed blood and treasure to defend that franchise.

But is Greenspan really worth the money? Adulation can have a short shelf life for public officials, especially for a former Federal Reserve chairman. I imagine the editors at Penguin getting a little nervous about what they purchased, especially when they read the first draft of Greenspan double-talk.

Alan, can you touch it up a bit? Maybe a little personal warmth that makes you sound, well, human? Tell us if Bush is as clueless as he seems. Or give an anecdote or two that reveals that unknown towering intellect. Or Bill Clinton: How did you charm him into dumping his working-class constituents and embracing your bond-market economics? Did he cry when you won the argument? Stuff like that.

A Greenspan memoir will do fine in the marketplace. It is the kind of Important Book daughters buy for father's birthday. In the unlikely event Greenspan tells the truth, it would be a sensational bestseller.

  • Share
  • Decrease text size Increase text size