Volcker and Greenspan rock the mic in Washington this morning.

Old central bankers never die. They just speak at conferences, an anteroom of purgatory.

  • Grenspan: Fundamental US fiscal problem is spending
  • Raising taxes will turn economy down
  • Moderate recession a chap price for a fiscal fix

Easy for a 90 year-old rich guy to say. What the hell does he care? Andrea Mitchell will still make his morning oatmeal recession or no recession…