Commonplace
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Publick Occurrences 2.0

October 24, 2008

Back in the saddle, and (intellectually) gunning for Greenspan

Filed under: "Myths of the Lost Atlantis",Common-Place,Economy — Jeff Pasley @ 10:40 am

Clearly I should not have promised new “Lost Atlantis” posts every 3-5 days and then run off to the land of uncertain Internet access that Italy turned out to be. My apologies. At any rate, I restarted the series Wednesday, almost as soon as I walked back in the door, with Andrew Shankman’s post on Jeffersonian charges of monarchism, below.  (I seem to have figured out how to make footnotes work on the blog on this one occasion, so enjoy.) Matthew Mason’s and Rosemarie Zagarri’s posts will be coming soon after that, and more are looming on the horizon. I am also happy to report that new contributors have volunteered, so the series will be continuing for a while.

As to the blog itself, I will be posting my own comments, but I must say that I am feeling pretty inhibited about commenting on the presidential election right now because of my strict no-gloating and no pre-hatched-chicken-counting rules.

As to Alan Greenspan, in his case, I think we early American historians are entitled to gloat, given that he went up to Capitol Hill and admitted that his and most other economists’ ideology of the market and “private enterprise” as infallible, self-policing mechanisms is wrong, wrong, wrong:

Greenspan called this “a flaw in the model that I perceived is the critical functioning structure that defines how the world works.”

We did tell him so, most recently in the current issue of Common-Place.

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