Comrade Greenspan wants us to seize the economy’s commanding height

“O.K., not exactly. What Alan Greenspan, the former Federal Reserve chairman — and a staunch defender of free markets — actually said was, “It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring.” I agree.”

Times are indeed changing, when a Princeton economist suggests in the NY Times that we might nationalize our banks…

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