{"id":981,"date":"2009-09-09T08:18:23","date_gmt":"2009-09-09T08:18:23","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=981"},"modified":"2009-09-09T08:18:23","modified_gmt":"2009-09-09T08:18:23","slug":"you-cant-teach-an-old-dog-new-tricks-greenspan","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/you-cant-teach-an-old-dog-new-tricks-greenspan\/","title":{"rendered":"You can&#8217;t teach an old dog new tricks: Greenspan"},"content":{"rendered":"<p>Yes, Alan Greenspan is still around.\u00a0 <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8244600.stm\">He tells us that he predicted that there would be a crash and that there will be another<\/a>.\u00a0 If he predicted it then he should have done a lot more to manage it, otherwise, given his position, his &#8220;prediction&#8221; is facile.\u00a0 Saying there will be another is as helpful as saying there have been financial crises in the past.<\/p>\n<p>What is required is suggestions on how to develop the financial system so that it works better.\u00a0 And that means extinguishing moral hazard from the system.\u00a0 And that means cultural maturity as much as regulatory or technological development.\u00a0 We need new thinking.<\/p>\n<p>BBC: <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/8244600.stm\">Market crisis &#8216;will happen again&#8217;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, Alan Greenspan is still around.\u00a0 He tells us that he predicted that there would be a crash and that there will be another.\u00a0 If he predicted it then he should have done a lot more to manage it, otherwise, given his position, his &#8220;prediction&#8221; is facile.\u00a0 Saying there will be another is as helpful &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/you-cant-teach-an-old-dog-new-tricks-greenspan\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">You can&#8217;t teach an old dog new tricks: Greenspan<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":["post-981","post","type-post","status-publish","format-standard","hentry","category-worldofmoney"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-fP","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=981"}],"version-history":[{"count":1,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/981\/revisions"}],"predecessor-version":[{"id":982,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/981\/revisions\/982"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}