In case you've been too busy mulling over what to do with all your money, Alan Greenspan wrote this: "The current financial crisis is likely to be judged in retrospect as the most wrenching since the end of the second world war."
I don't mean to sound all alarmist and depressing, but that gets five out of five yikesies.
Besides making me want to eat lots of doughnuts, the article talks lots and lots about bad mortgages and financial market this and that and blah blah blah, but you know what? It missed something that seemed obviously very missing. No, not the closing of Mervyn's or stupid British spelling or America's Next Top Model. Nope. It's that Alan Greenspan -- for whatever reason -- forgot to mention anything about uncontrolled deficit spending and the $2 trillion of unfunded war debt. I'm no economist, but it seems to me that there's been plenty of debtor-nation irresponsibility during these last seven years to ef-up any ol' first-world nation's economy.
