The Swedish paper concluded that things might have been different had Greenspan pursued a musical career.
THE FINANCIAL CRISIS – A QUESTION ABOUT JAZZ
Who’s to blame for the financial crisis?
I would say Stan Getz, the eminent jazz musician who died 1991.
New York Times October 8th is saying in an article with the heading “Taking Hard New Look at a Greenspan Legacy”, in which one’s explaining why his far too liberal marked politics made room for today’s catastrophe.
People who have read the memoirs of Greenspan published last autumn, knows that Greenspan started his professional career in various Big Bands in the New York area. One day he had to sit next to Stan Getz and he heard him play. He then realized that he would never achieve the musical level Getz already was on. He decided to change course and become an economist in stead. The rest of the story we all know
What if he never met Stan Getz?
AN EVEN NOW THERE ARE STILL PEOPLE WHO DON'T BELIEVE JAZZ IS IMPORTANT!
Turning to music and baseball
ALAN GREENSPAN: Then, I decided that baseball was my thing. And I was actually getting very good, but at the age of 14, I hit a plateau and I never improved.
JIM LEHRER: You were a left-hander, first baseman, right?
ALAN GREENSPAN: I was a left-handed first baseman. I hit the ball pretty well. Then, I got into music, and I became a professional musician for a couple of years.
JIM LEHRER: Played the clarinet...
ALAN GREENSPAN: Clarinet, saxophone, flute, bass clarinet.
JIM LEHRER: Which one did you enjoy the most?
ALAN GREENSPAN: I actually enjoyed the clarinet the best, but I was a fairly good amateur, but a moderate professional. But what really did me in is I had, as an amateur, had to play next to Stan Getz. I was 16; he was 15. I decided, "Do I really want to be in this business?"
JIM LEHRER: Why, because he was so good?
ALAN GREENSPAN: Oh, my god.
JIM LEHRER: Was he really good?
ALAN GREENSPAN: And he was one of the really historic famous sax players. And the best economic decision I ever made in my life was to decide to leave the music business and go into economics.