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Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

Arise Sir Alan

It seems Britain’s Labour government is quite keen to confer honorary knighthoods on men not usually regarded as being on the left from the United States. Earlier this year former New York mayor Rudy Guiliani was so honoured, and now it’s the turn of Federal Reserve Chairman no less.

Greenspan has come in for some stick of late for perhaps allowing the money supply to grow too fast during the helter-skelter stock market of the late 1990s, though as with all these things, hindsight is easy. But surely it’s ironic that the jazz-loving central banker, a former acolyte of Ayn Rand and one-time supporter of gold-backed money should receive a gong from a left-wing British government.

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