Alan Greenspan dies at 100
R.I.P. Alan Greenspan: You were charming, thoughtful, powerful, and wrong. https://robertreich.substack.com/p/rip-alan-greenspan
Emily59Even the Ayn Rand acolyte Greenspan eventually admitted that he was wrong: Markets can't regulate themselves. But Wall Street, K Street and the Beltway all still act like they can and do. So an UNPROFITABLE rocket company with hilariously unhinged AI ambitions is the most valuable company on earth
sudo26I have always thought that Greenspan did grave damage to America with his support of one-dimensional corporate governance.
davidtdorais.bsky.social22...We NEED re-regulation to pre 1979 levels that puts back in place antitrust/antimonopoly norms; banking, insurance, medical and all corporations divestiture to 5% national and international market share, and non profit NGO status for ALL hosting internet/social media services.
QOTL 🇺🇦🇨🇦🇬🇱🇵🇦17Indeed His lack of imagination was his blindspot. He couldn’t see how banking became fundamentally corrupt. And capitalism has lived on life support ever since.
George14I looked but couldn't find the interview where he admitted he would sometimes speak gibberish when speaking to Congress knowing their egos wouldn't allow them to admit they didn't understand what he was saying and would just go along with whatever came out of his mouth.
Arcane Dendroglyph11When people say you shouldn't speak ill of the dead, is usually when you especially 𝘴𝘩𝘰𝘶𝘭𝘥 speak ill of the dead.
davidtdorais.bsky.social10Human nature, when sadly apeshit, when allowed; is selfish, greedy and unethical. He helped usher in Gilded Age 2.00 we live amid. ...
Firstconsul9Good riddance. He wrecked the greatest economy on zearth.
Taylor Street8The guy cost me and many other homeowners thousands of dollars. I cannot give any thought of recognition or sympathy.
Pamela8Obviously, he had good health insurance...
Astrea1965(pic is©️)💙🌊🦋🐸7Very, very wrong...another piece of deregulation that left this country & its citizens vulnerable.💔
Ironica7He called it irrational exuberance, we call it greed, fraud and delusional, just what our dear leader suffers from…. 😡
Ray Fontaine6The millions of people still locked in poverty because of his policies might not be so generous
Das, Kaushik6Dr Greenspan left a legacy of distress
VT Moderate 🇩🇰 🇨🇦 🇺🇦5For me, the most shocking thing he ever said was when everything crashed in 2008. He said it never occurred to him that markets would not always act in their own best interests.
juvenilebum.bsky.social5Contrary to the popular beliefs of Wall Street -- Main Street didn’t pause the daily struggle to offer a moment of silence for Alan Greenspan.
Pamela5I would not be a good speaker at that service...
Marvin the Paranoid Android.4And featured 94 times in the unredacted parts of the Epstein files and god knows how many time in the redacted parts. I don't really care what party a SA aligns with. Burn them all. Trump, Clinton, all of them.
matthewschlofner.bsky.social4"I didn't account for greed."
TakamineBill4He told the rich sociopaths exactly what they wanted to hear.
Heidi CanisLupusFamiliaris4Watch the 2009 PBS Frontline show "The Warning". Amazing storytelling about how Greenspan, Summers and Rubin were not going to let some "little missy" like Brooksley Born tell THEM there was a problem with swaps and other OTC derivative instruments. The 2008 financial crisis said "hold my beer".
Sarcasmo Ultra BLAM!4The same deregulation that led to the 2008 near collapse of banking, mortgage and the automobile industry, selling bad debt and handing out EZ credit to people that couldn't afford it.. And now they want to deregulate again. FFS, they make a living off of avarice, "Trust me, bro!" won't fly...again!
PunkToad.org4The worse Fed Chair of my lifetime so far...
Sheila4Greenspans prior decisions while in the Federal Reserve helped lead us into the Great Recession. I worked in the market during this time. Every day I was talking people off the edge.
PJ Manney3Not enough is made of his twisted education. Both he and my father, who would have turned 90 last week, sat at the feet of Ayn Rand in her Manhattan salons. Both were young Jewish men who felt aggrieved by the prejudice they had to overcome compared to their intelligence and drive. Both clung to...
Kathleenna3Remember when he encouraged homeowners to tap their home equity for play money....
Patricia Shannon3He damaged my life by raising interest rates to deliberately increase unemployment, under both Bushes.
∞💙 Infinity 💙∞ 🗽🌎🌈 🫶 🇺🇦 🌊3Much of my life he was the face of greed.
Nice Joe Greene2He died 50 years too late.
Tasha2I was gonna say! Not my favorite economist
1amfunk.bsky.social2Yeah. I recall Greenspan telling Americans to buy a home using disastrous sub-prime mortgages. When folks warned him of the risk from adjustable rate and interest only mortgages, he publicly criticized them. They were right. He was wrong.
wolfsuits 🚫🤖2No need to flatter the man who destroyed entire ecosystems, lives, communities, and economies with his bullshit
PunkToad.org2The worst Fed Chair Of My Lifetime So Far...
🧵“What she did…was to make me think why capitalism is not only efficient and practical, but also moral” - Alan Greenspan, speaking about his guru Ayn Rand in 1974. It's worth understanding the role that this partnership played in unleashing the savageries of the modern market.
Naomi Klein160When Greenspan was still working in the corporate sector, Rand’s ideas about the “utopia of greed” infused him with a powerful sense of mission: apparently, making money wasn’t just good for him - it was good for society as a whole. As for those who got trampled? Rand helped with that too:
Rick Maywald36Ayn Rand is a potent philosophy for--teenagers--in need of a hero's journey. By the time a boy is 25, Ayn Rand should be put down. Also notice she collected Social Security when eligible. Loved seeing her get whacked on the Phil Donohue show back in 70's. What a smug ass she was.
inzer hoxha12The most disastrous thing the Soviet Union ever did was to teach Ayn Rand to read.
Predictor Holly 🇵🇸🍉✊9Ethical egoism is perhaps the stupidest idea ever. The idea that people are rational egoists, such that we ought to empower that impulse to generate surplus value is inconsistent with the idea that people would just want free shit under socialism. May Greenspan forever rot in hell.
Boko Halal8If your Naomi be Klein
David JW Bailey7It is so crazy inefficient. Had he never seen the waste dumps? The broken, destroyed humans? The endless pointless duplication of effort? The ridiculous pissing waste that is most of advertising and marketing?
The Wurst6ah, russians, is there nothing they can’t do poorly? how is Barth the days anyway? enjoy this 6 hour analysis of atlas shrugged (it’s pretty funny) youtu.be/_LxrZncFlQU?...
Tak For Alt 2Ugh. In my 20s I was already pretty socially progressive. My boss and I had big disagreements on govt, social policy, etc. He asked me to read Atlas Shrugged and said it would change the way I thought. It did. It further entrenched my beliefs that anything Ayn Rand-like was evil-like.
Alan Greenspan was a hack ideologue who did unspeakable damage to the economy and who created much of the terrible inequality of the New Gilded Age we face today. He also may have had sex with Ayn Rand. Good riddance to bad rubbish. My obituary is here. www.lawyersgunsmoneyblog.com/2026/06/rare...
Michael Pacholek7You know why Andrea Mitchell married Alan Greenspan? It wasn't for his money. It wasn't for his connections. It certainly wasn't for his looks or his charm. It was so that, for the first time in her life, she could be in a relationship where she would be called "the interesting one."
Larry Wolfarth5I was enjoying a cortado and breakfast at my neighborhood cafe when I started your obit on Ayn Rand’s lover. I needed extra napkins. Holy cow, I forgot just how despicable Greenspan was.
rogergathmann4I like that - but it leaves Clinton out of it. Clinton was not only complicit, he was a believer. You cannot excuse the Dems here. The Clintonites touted Greenspan as their way of saying fuck you to the new deal.
Ozma3All the evil people live so long!
David Schwartz2His guidance on the fed reserve as the chair directly led to the dot com bubble. So yeah, he sucked.
Alan Greenspan, the economist who served as Federal Reserve chairman under four presidents, has died at the age of 100
Encapsidate Your Genome22Is it time to be irrationally exhuberant?
curleyone2024.bsky.social11I didn't know he was even still alive. 🤷♀️
LindaAnn LoSchiavo7@bibliophile99.bsky.social Alan Greenspan’s economic worldview + philosophy were profoundly shaped by his close association with Ayn Rand. As a core member of her inner circle—ironically known as "The Collective" — Greenspan adopted her staunchly pro-capitalist, anti-regulation ideals.
Dirty Boy7So one of those that thought printing money and handing it out to those already drowning in money solves everything is dead.
lil root5this caliber of man never made it this far back in the days when women could easily poison their husbands and communities would 100% know why, quietly let it pass, and help with the children. our society used to have a way of filtering out vestigial testosterone golems. go team lil splash o bleach!
Ultra Deep State 86474Did he trickle down to Hades?
Street Sharks Explained 🇨🇺🇵🇸4Photo choice of him doing a Mr Burns pose is apt.
Radio Balki4Only the good die young
Zenalicious - Retired beltway junkie and doom scroller.3Anticipating his rolling in his grave over the next 2 years.
beef fizz3sucks that it didn't happen sooner
Certified Alien2The path of his life and career is another example of incestuous nature of the Epstein Class on full display. Never forget: They are all connected. That’s why the impact of their greed and hoarding behaviour on regular people is never taken into consideration by Congress, or properly reported.
KeepItReal2Mr. "Everyone Should Get an Adjustable Rate Mortgage", while he was raising interest rates, before the 2008 crash...
hulkling 86 472good fucking riddance live long in hell
Kron 🍉2Hell yeah! Glad to hear it.
Crunchy2Pick the biggest pineapple, Alan.
Hey just a reminder that Alan Greenspan was in a weird cultish swinger group that worshiped Ayn Rand and through that her batshit ideas helped shape the modern world and economy and that’s probably something we should talk about more
Miss Riss18It's weird cults and freaks all the way down w these chucklefucks, ISTG.
neanderthal53.bsky.social16This information has haunted me for decades. An acolyte of Ayn Rand's immoral philosophy helped bring us to the current state of fascism. And as far as I recall, he was revered by neoliberals of both parties. Sometimes it is hard to maintain the will to live.
yourazneighbor.bsky.social11When I taught high school English in the 90’s, I taught a whole section on Ayn Rand. At the end of the section, I asked the kids, “What if I told you the man who makes decisions for our economy was a follower of Ayn Rand?” The whole class gasped in unison, and I knew then that I’d taught them well.
a human, like you3my high school econ teacher was obsessed with Greenspan and taught us the Laffer Curve as if it was settled science
Alan Greenspan, who in nearly two decades as chairman of the Federal Reserve nurtured a long run of prosperity, navigated crises and was a powerful force in shaping market-friendly policies, died on Monday. He was 100. Read more: nyti.ms/4fZ9n0H
The Gaul of Kanata24"He conceded that he was wrong in assuming that free-market forces would prevent such a crisis" Yeah, industry will regulate itself.....
bobbygoren.bsky.social19And presided over a massive rise in income & wealth inequality. He was overtly political - deficit hawk with Clinton & dove for W. Lax regulation of derivatives & juicing the markets helped create the financial meltdown leading to the Great Recession. Except for that - Maestro.
The Gaul of Kanata12Also amain culprit of the 2008 crash
Jonathan Bohan7"Navigated" crises is a choice.
CrimethInc. Ex-Workers' Collective4"All I know is, in terms of images and how words are used as images to shape your environment, the New York Times is death to us." —Abbie Hoffman theanarchistlibrary.org/library/abbi...
David Harris4Whose policies created the crises for which you credit him for solving? This trend of praising leaders for solving problems of their own creation is leading us into an abyss.
Citrus medicka4good riddance and fuck the new york times
Hgmvhf3Good. He really sucked. Randian reaganomicist.
justin achilli3hmm I wonder how those mysterious crises occurred
Citizeness Kane2There are so many things wrong with this headline, but isn't one of them that "And" shouldn't be capitalized?
We Go Farther Together2The OG trickle down financial terrorist finally trickles completely down. His spawn will continue the crushing of humanity.
Aw man. Had an irrational soft spot for the guy as one of my best Halloween costumes ever was Sexy Alan Greenspan. Godspeed, awful number man.
K.B. Spangler36I think this was 2010 so no pictures but the corset was very pink
Shepherd34Brooke are there pictures. Can you put them on the group text.
Richard Zencker16That sounds like an irrationally exuberant soft spot!
Auferre 🏳️🌈🏳️⚧️15You could always update it as Sexy Undead Alan Greenspan. It's Halloween, after all.
Amy Lu 📚🫖☕️2This is my favorite thing ever.
Alan Greenspan has died at 100. During his 18½ years leading the Fed, he reached rock-star heights and shaped the U.S. economy under presidents of both parties. Milton Friedman called him the greatest of all time. 2008 recast his legacy. The WSJ obituary: www.wsj.com/economy/cent...
Nick Timiraos11A bachelor for much of his life, Greenspan dated newswoman Barbara Walters in the 1970s. “He wasn’t the sort of man you would notice when he walked into the room. And often I would have to introduce him to friends more than once because they wouldn’t remember him,” Walters wrote in her autobiography
Sheila Bair4He was always kind and supportive of me when I was at UST and the NYSE. Bad missteps on regulation in the years before the crisis, which he acknowledged, but overall, one of the greats who led the Fed.
masilabs.bsky.social2Greenspan's era: fed funds from 11.5% in '87 to 1% in '03. The "Great Moderation" compression in volatility was later shown to have shifted risk into leverage, not eliminated it. 2008 settled the debate Friedman opened.