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Friday, March 10, 2006

Greenspan's Oracular Obscurity

Michael Kinsley gets an advance copy of chapter 1 of Greenspan's book:

M1 and Me, An exclusive excerpt from Alan Greenspan's $8.5 million memoir, by Michael Kinsley, Slate.com: (Editor's note: ...During 18 years at the Fed ... Greenspan captivated Washington and the world with his pronouncements about the economy, delivered in a style that came to be known as "oracular obscurity." ... But experts say it is not clear how well the oracular-obscurist style will adapt itself to the genre of autobiography. ... This column has obtained an early sample of the contents.)

Chapter 1: The Beginning:  Although developments in human biology are always—and, in the view of many experts, perhaps not un-including myself, quite properly—subject to a variety of interpretations, the evidence does tend to suggest, with only a limited amount of ambiguity, that I was born. About the year in which this happenstance may or may not have occurred, we must be prepared to accept a somewhat larger margin of error. It is possible to extrapolate backwards from my current age of 81 and reach a tentative conclusion based on the primitive but widely accepted methodology sometimes referred to as subtraction. Such a calculation, allowing for a reasonable margin of error, would ...  place my birth somewhere perhaps midpoint in the range of 1921 to 1931... Let us ... agree if we can that—as a first approximation—I was born in New York in 1926...

    Posted by on Friday, March 10, 2006 at 11:36 AM in Economics, Monetary Policy | Permalink  TrackBack (0)  Comments (3)


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