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Greenspan: GW regulation will fail



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While Alan Greenspan’s new book, The Age of Turbulence: Adventures in a New World (in stores Monday), has predictably garnered headlines for its criticism of a fiscally irresponsible Bush Administration, the book promises fascinating insights into a variety of global issues from one of our most nimble economic minds.

Of particular interest to readers of this blog will be his chapter on global warming, where his views echo Planet Gore experts. Writes the Wall Street Journal in its Saturday book review: “On energy, (Greenspan) recommends more use of nuclear power, and he predicts efforts to reduce global warming with carbon caps or taxes will fail.”

As for “the greatest threat to mankind” the Journal reports that Greenspan is clearly more fearful of inflation than climate change.



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