[F]ew Americans are aware that a career forecasting GDP and setting interest rates and tamping down the nation's money supply was not Greenspan's dream as a child. Rather, he dreamed of growing up to be a jazz musician.The path from Mingus to Coltrane to Rand is--if true--the wildest coming-of-age tale ever. Trust me--read the whole thing.
Had those dreams borne fruit, the global financial system might never have been brought to its knees.
Here are the known facts. Midway through World War II Greenspan enrolled at Juilliard but soon dropped out and took a job with a roving dance band. His instrument of choice was the tenor saxophone.
Tuesday, June 30, 2009
Butterfly Effect In Action
Whether or not you blame former Fed chair Alan Greenspan for the current crisis, economics wasn't his first career choice, says Joe Queenan in the June 29th Weekly Standard: