• • Greenspan should have stuck with the clarinet
Froma Harrop, The Herald (Everett, WA) The Fountainhead |Capitalism |Personal life | Lots of young intellectuals read Rand's books and enjoyed her politically incorrect hymn to selfishness. But they moved on. Not, it would seem, Greenspan. He gave up on music as a profession, studied economics and joined Rand's Manhattan salon. All three decisions seemed to come together in his later support for unregulated derivatives, or what the more earth-bound Warren Buffett called "financial weapons of mass destruction." Once derivatives got a green light, it took a mere eight years for the edifice of regulation-by-self-interest to blow itself up.