He just can't stop talking

To be honest, if any of us were being paid what he gets paid to talk, we probably wouldn't stop talking either. Then again, he's 81 years old - what's he going to do with all that speaking money that continues to pile up?

Former Fed chief Alan Greenspan was in the news again today.

From Reuters:

Dropping Gulf dollar peg would ease inflation: Greenspan
Former Federal Reserve Chairman Alan Greenspan said on Monday near-record Gulf Arab inflation would fall "significantly" were the oil producers to drop their dollar pegs, in contradiction to Saudi policy.

The pegs restrict the Gulf's ability to fight inflation by forcing them to shadow U.S. monetary policy at a time when the Fed is cutting rates to ward off recession and Gulf economies are surging on a near five-fold jump in oil prices since 2002.

From UPI:

Greenspan says U.S. economy has stalled
Former U.S. Federal Reserve Chairman Alan Greenspan said Monday that shocks in the U.S. economy could be softened by globalization.

"Growing globalization of trade and the economy would facilitate the absorption of shocks in the United States," Greenspan said.

Greenspan, making his remarks while on a visit to Jeddah, Saudi Arabia, said the escalating price of oil will "go on forever," MSNBC reported.

He said the U.S. economy was "at stall speed."

"As of right now, U.S. economic growth is at zero," the outspoken former Fed chairman said.

From AFP:

Greenspan backs sovereign funds investing in US
Former US Federal Reserve chairman Alan Greenspan said on Monday that opposition to investments by Gulf and Asian sovereign wealth funds in the United States did not serve US interests.

"I suspect that most of the negative response (to SWFs' investments) is (driven by) protectionism. In fact, I don't suspect it, I know it," he told a corporate leadership forum in the United Arab Emirates.

"I think that is extraordinarily counter-productive because the United States has probably gained as much, if not more, from globalisation," Greenspan said.

From Bloomberg:

Greenspan Faults Obama Policy Positions as `Anti-Competitive'
Former Federal Reserve Chairman Alan Greenspan criticized Democratic presidential candidate Barack Obama for taking "anti-competitive" policy positions.

"It is conceivable that Barack Obama would forget many of the positions he has taken once he is in office, which are very troubling and anti-competitive," Greenspan said at a conference in Abu Dhabi today. He didn't specify any particular policies

From the Indianapolis Star:

Greenspan takes responsibility
Shortly after he announced the resignation of basketball coach Kelvin Sampson amid allegations of NCAA recruiting violations Friday night, Indiana University athletic director Rick Greenspan was asked whether his own job might be in peril.

"I don't know that," Greenspan said at a news conference at Memorial Stadium. "Nobody's told me that."

Greenspan, in his fourth season at IU, said he takes responsibility for the tumult in an athletic department that hasn't had a major NCAA violation since 1960. Sampson and the IU basketball program stand accused of potentially five such infractions.

Oops!

That last one was clearly the wrong Greenspan, though, it was pretty funny to see the headline pop up along with all the other search results.

Greenspan takes responsibility!

Hah!