Thursday, October 06, 2016

Bizarre …

 How Bad Writing Destroyed the World | Literary Hub. (Hat tip, Dave Lull.)

While I do not want to equate Lenin’s bloody repression with the economic devastation Greenspan caused as chairman of the Federal Reserve, I will observe that human suffering is a real possibility when “robots” programmed with ideas from destructive books are released upon reality.
Well, what exactly do you want? I hold no brief for Greenspan or the Federal Reserve, but Greenspan's policies can hardly be said to differ all that radically from his predecessor Paul Volcker's or his successor Ben Bernanke's. And if they did, Weiner ought to show how that is so. It is well known that Greenspan was a fan of Ayn Rand. So,  at one time, was Paul Ryan. And it is probably true that we should take more seriously than we do such appalling literary taste. The economic devastation Weiner refers to is presumably the housing bubble, and Greenspan sure in hell shares a good deal of the blame for that. But he had plenty of help. And it can be traced to a lot more causes than a couple of lousy books. The literary stuff in this article is really good and really interesting, but the economic moral that is drawn is far-fetched.

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