It’s the humans…
Observer December 1st, 2007
The wonderful in-his-own-words memoir of Alan Greenspan (yes, Alan Greenspan), former Chairman of the Federal Reserve brings to mind a parody of the lament “It’s the economy, stupid”. Noting the influence of Russian born philosopher Ayn Rand on his life, Greenspan reports “I was intellectually limited until I met her. All of my work had been empirical and numbers-based, never values-oriented.” …Rand persuaded Greenspan “to look at human beings, their values, how they work, what they do and why they do it…”. The turbulence of his book’s title, owes much, aside from fundamentals, to factors of “it’s the humans, stupid” and moreover the full range of their feelings, from fear on the one hand to exuberance on the other. Feelings, that drive thoughts, that drive behaviors. The book’s right up there with Katherine Graham’s Personal History as a compelling first person account of US public life, spanning several presidencies and not a few crises.
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