Greenspan on Taxes

Alan Greenspan spoke today at the Council on Foreign Relations, and, as summarized by this report in the Wall Street Journal, says that "government now needs to get out of the way and allow businesses and markets to power the recovery" and that, at the same time, he favors "allowing the so-called Bush tax cuts to expire." How a big tax increase constitutes government getting "out of the way" is one of those mysteries that maybe you need to be a former central banker to understand.