Even a stopped clock, the saying goes, is right twice a day. Taken figuratively, it means that even the people who have been most disastrously, abysmally wrong can occasionally get something damn near right. In that sense, former Fed chairman Alan Greenspan may be well on his way to being the stopped clock of the American Economy.
Greenspan’s latest foray into mainstream media relevance is an interesting departure from conservative messaging on economic matters. The oracle apparently has more to say, this time on extending the Bush tax cuts.