Wednesday, July 17, 2002

Alan Greenspan just has a way with words. The new phrase in addition to "irrational exuberance" is "infectious greed".

And after he turned that phrase, he had this to say...

"It is not," he added, "that humans have become any more greedy than in generations past. It is that the avenues to express greed had grown so enormously."

This puts the lie to the latest bit of Royalist spin that the Clinton schlong is always to blame. To hear them say it, you'd think greed didn't exist before the Big He opened his zipper for Monica, and previously virtuous bidnessmen just couldn't help themselves afterward.

Other interesting bit: When Greenspan spoke, the market indices rose, and members of the Senate noticed.

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