September 15, 2007 (LPAC)--Ayn Rand devotee Alan Greenspan, master architect of the present world financial crash, who jumped ship just ahead of the impact, has now come out with his memoirs of 30 years of meddling in economic policy making, called The Age of Turbulence: Adventures in a New World. The book, due out on Monday, Sept. 17, might better have been called {The Fable of the Bees}, but that title was already taken in 1714 by Bernard Mandeville [1] in his paean of praise to the creative power of selfishness, and "private vice as a publick benefit."

In the pre-releases published today, echoing British genocidalist Mandeville, Greenspan heaps his most effusive praise for one of the largest casualties in the present financial crash--hedge funds, calling them "a vibrant trillion-dollar industry dominated by U.S. firms" ... "They are essentially free of government regulation, and I hope they will remain so" ..."Why do we wish to inhibit the pollinating bees of Wall Street?"

The pre-released book reviews in all the major papers also provided a hint of the thrust of the book, and samples of quotations from the book, of which Bob Woodward's review in the Washington Post is typical:

* Greenspan writes of the present Administration: "I thought we had a golden opportunity [with Bush/Cheney] to advance the ideals of effective, fiscally conservative government and free markets. ... I was soon to see my old friends [Cheney, Rumsfeld, and Paul O'Neill from the Ford Administration] veer off to unexpected directions."

* On the Administration more recently, he asserts we are "harboring a dysfunctional government. ... Governance has become dangerously dysfunctional."

* On the Republican approach to economic policy: "House Speaker Hastert and House majority leader Tom DeLay seemed readily inclined to loosen the federal purse strings any time it might help add a few more seats to the Republican majority".

* Greenspan claims in the book that the loss of manufacturing jobs in the United States, replaced by information technologies and telecommunications, "is a plus, not a minus, to the American standard of living."

[1]Mandeville (1670-1733) was a Dutch-born, British empire agent and enemy of the very concept of the General Welfare, which underlies the American System. For a brilliant discussion of the Fable of the Bees, see the article by H. Graham Lowry entitled, "The Mandeville Model" from the Spring, 1996 issue of Fidelio, magazine of the Schiller Institute.