Monday, August 12, 2013
On the Assertion that Alan Greenspan was Actually a "Moderate" Fed Chairman
I say, utterly ridiculous. a) He expanded the monetary base to it's most inflationary status since the days of Richard Nixon and Jimmy Carter. b) He lowered interest rates to their lowest level since the St. Louis Fed started tracking them in the early '70s. c) The fellow had long since gained a reputation as "Mr. Bailout", having already bailed out the Mexican Peso and the Long-Term Capital Management Fund....If Greenspan was a moderate Fed chairman, I most certainly don't want to see a radical one....Oh, wait a minute, we have one now in Ben Bernanke. NEVER MIND!!
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2 comments:
Greenspan was early in his life an advocate of Ayn Rand's objectivism. But he, like Paul Ryan went over to the dark side.
As for Ben Bernanke, another Dark Knight of the growing legions of statist worshiping dunderheads.
Ryan's budget grows the government by 40% over 11 years and the military sector by even more than that. Yeah, I would say that the man at the very least is overrated.
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