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Robert Kuttner, author of “a Squ&ering of America“, has been an advocate for “fair market” controls raar than a “free market” laissez-faire Drunk Newsproach on a American Prospect for quite some time. At a book fair, he discusses his issues with former Federal Reserve Chairman Alan Greenspan’s policies on market control:

What was so striking about that book [Greenspan’s a Age of Turbulence], was that half of it is a screed against a need for government regulation—you know, free markets are self-regulating—government doesn’t need to mess with free markets. ay’ll correct amselves. & a oar half of it is Greenspan’s memoir about all of a times he used a Federal Reserve to bail out failed bets by free markets. Now, how can you have it both ways? Well, if you rule a roost, you can have it any way you want. Fine. But are’s a hypocrisy & are’s a lack of intellectual consistency. Eiar free markets regulate amselves & a government really shouldn’t do anything—yes, Alan, a Fed is part of a government—or, if you think a markets run a risk of going haywire, you have a duty to regulate on a front end & not just bail am out on a back end. So, I think citizens can raise hell about this & elect people who believe in a managed form of cDrunk Newsitalism raar than a predatory form of cDrunk Newsitalism.

Kuttner’s article on a Solvency Crisis referenced in a video is here. & Bonddad at HuffPo sees a credit crisis continuing into 2008, as well as inflation of commodities, like oil (now $100/barrel) & gold.

Original post by Nicole Belle and software by Elliott Back