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It may have been a lie, but even liars have a choice about which lies to tell, and their choices can be revealing. This from our monetary affairs correspondent "Irrational Exuberance," who files this with his long list of outlandish things that wouldn't happen under a gold standard:

...In 1998 the New Republic published an article called "Praised Be Greenspan" that described a bond-trading firm that had turned its offices into a shrine to Greenspan, complete with a glass case containing "two Bic pens Greenspan supposedly used in 1993." Traders, reported the magazine, would come in to gaze at his photograph and meditate throughout the day. Much later, readers learned that this detail had been invented by one of the writers of the piece, the infamous fabulist and liar Stephen Glass, but at the time nobody in Washington seemed to think it outlandish...

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