Tuesday, September 06, 2005

Alan Greenspan

Greenspan's up to bat expecting a long, slow lob across the plate as he plays the final game of his career and dreams of coming retirement, when suddenly Hurricane Katrina throws him a curve ball: the Southeast is in shambles, the entire country at the mercy of punishing gas price spike.

My question is that if you were Alan Greenspan, would you try to make another heroic effort to save the economy or just ride out your final months, and would you continue to raise rates or would you cut rates? Remember that if he chooses the wrong side he will go down with that burden for the remainder of his life.

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