Signs Of The Times
That the Financial Times has a headline that reads “Greenspan Backs Bank Nationalization” is truly a sign that we live in strange, strange times. Any moment now the sun shall become as black as sackcloth of hair, and the moon shall become as blood, and the stars of heaven shall fall unto the earth, even as a fig tree casteth her untimely figs, when she is shaken of a mighty wind, and the seas shall turn to blood, and we shall hear an angel flying through the midst of heaven, saying with a loud voice, Woe, woe, woe, to the inhabiters of the earth by reason of the other voices of the trumpet of the three angels, which are yet to sound!
But in the general amazement, it’s important not to lose sight of the fact that Alan Greenspan is not just one of the last people on earth I would have expected to endorse nationalization. He’s also one of the people most responsible for the calamity that makes nationalization necessary (though as Yves Smith reminds us, he is not alone.) ” “Greenspan Backs Bank Nationalization” is not like “Hayek: Keynes Was Right!”. I’ve been trying to figure out what it is like, and I’ve come up with a few possibilities:
“Kaiser Wilhelm Backs Surrender To France, Allies:
Wars Of Aggression Wrong, German Monarch Claims”
“Typhoid Mary: Attention To Hygienic Food Preparation Vital To Public Health”
“Mao Zedong Backs Privatization:
‘Great Leap Forward’ An Act Of Idiotic Hubris That Cost Millions Of Lives For No Earthly Reason, Dictator Concedes
Backyard Smelters ‘Particularly Boneheaded’”
“Sherman To Atlanta: Oops! My Bad!”
“Alaric: Great Cities Should Be Left Unmolested:
‘I Liked Rome Better Before We Sacked It’, Visigoth Laments”
“Satan Backs Christ’s Effort To Redeem Mankind On Cross:
Regrets Involvement In Fall”
Want to add any of your own?