November 22, 2004
Now he tells us
Posted by
Mark Kleiman
Alan Greenspan, who provided crucial cover for legislators who might otherwise have been nervous about the Bush tax cuts with his nonsense about how paying off the debt was dangerous because the government would start owning stocks, now says we ought to be running surpluses.
He's right, of course. But it's better to be right before you've supported the choices that make doing what you say we ought to do impossible.
