And then wash their hands off the matter when the drunk

needs hospitalization:

Former Federal Reserve chairman, Alan Greenspan, aka “the Maestro” tells all from his debt-bed…..but all too late:

“• Fingers complex credit instruments and the ratings agencies that recommended them as among the main culprits for the mayhem.

• Admits he may have cut interest rates too low.

• Forecasts the dollar will continue to decline because of the size of America’s current account deficit.

• Defends himself for commenting on the economy on numerous occasions since stepping down at the Fed.

Mr Greenspan argues that inflation has been under control for the past decade and a half because of the rise of countries such as China, which have pumped cheap imports into the West. However, he warns that this effect will soon peter out.

“Markets are going to start turning round and inflationary pressures are going to start to build.”

More at the Daily Telegraph.

On a more positive note, vote for those who actually stood for free market principles at the Free Market Hall of Fame.

“Where members of the freedom movement will have the opportunity to vote on individuals contributing most to the success and advancement of free markets and free people around the globe. The categories will include the following:

1. Academic economists
2. Journalists and writers
3. Business leaders
4. Legislators and government officials
5. Think tanks

More at the freedomfest site.