Fed Chair Alan Greenspan intentionally babbled meaningless slop and got away with it

While chairman of the Federal Reserve, Alan Greenspan developed what economist Alan Blinder called "a turgid dialect of English" — deliberate obscurantism designed to prevent financial markets from overreacting to his words. He admitted as much in a 2007 interview with 60 Minutes's Lesley Stahl: "I would engage in some form of syntax destruction which sounded as though I were answering the question, but in fact, had not." — Read the rest

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