everything flows

Alan Greenspan reflects on how his ideological belief in the ability of markets to self-regulate has been shaken. Henry Waxman, Chairman of the Oversight [pun?] and Government Reform Committee is on a bit of a self-righteous crusade and is obviously looking for a sound bite from Greenspan (which he gets). But it’s an effective approach, and they’re questions that need to be strenuously pursued. And then followed by formal censure.