Saturday, March 11, 2006

'Excerpt' from Alan Greenspan's $8.5m memoir



'Many Americans have asked me over the years: "Who is this Prudence you seem to be so enamored of?" Concern has been expressed that, with her apparent fondness for dictation, she might have had an inappropriate and, through myself, disproportionate influence over our nation's financial affairs. I can only say, Senator—I mean, Dear Reader—that in this as in all other circumstances, I have chosen my words with great care. When, as on many occasions, I have had the honor of hectoring distinguished senators and members of Congress to "err on the side of prudence," that was exactly what I meant. I did not mean to be urging public officials to "err at the side of Prudence..."' More

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