Economics quote of the day

And this brings us to Alan Greenspan, whom I’ve known for over 50 years and who I regarded as one of the best young business economists. Townsend-Greenspan was his company. But the trouble is that he had been an Ayn Rander. You can take the boy out of the cult but you can’t take the cult out of the boy. He actually had instruction, probably pinned on the wall: ‘Nothing from this office should go forth which discredits the capitalist system. Greed is good.’

Paul Samuelson, interviewed in The Atlantic. Terrific interview all the way through.

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