power is not a science

On Alan Greenspan leading us far into chaos:

He was working for the same person we all work for, himself, at the same task we all work at, i.e., to square his life as lived with the ideals he held. What helped foster the financial crisis was that society has no recognized procedures for dealing with people who are trying to live according to destructive ideals. That’s one of the problems with principles-based vs rules-based regulation. He was working with the wrong principles, and there weren’t the right rules to stop him.