Wednesday, July 17, 2002
Infectious Greed?-Just looked at some pieces on Greenspan's Senate testimony. If I'm reading it right, he just declared the era of "infectious greed" over. Is this the cure for "irrational exuberance?" I think Greenspan's theology's way off. Greed isn't caught, it's native to each human being's sin nature, and can be nurtured or surpressed. May I mix and match Greenspanisms and suggest we've just trashed exuberant greed. This exuberant greed encouraged people to think they were buying the next Netscape or Yahoo.
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