Tag Archives: Alan Greenspan

“With Notably Rare Exceptions”

You guys, I never realized how hilarious Alan Greenspan is… Today’s competitive markets, whether we seek to recognise it or not, are driven by an international version of Adam Smith’s “invisible hand” that is unredeemably opaque. With notably rare exceptions (2008, for example), the global “invisible hand” has created relatively stable exchange rates, interest rates, [...]

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Regulation heroes

A beautiful contrast (via Matt Yglesias) Time cover circa 1999 Time cover for May 24, 2010 I’d say the mood of the country has significantly shifted, wouldn’t you agree? There should be a caption under this new photo that reads, “No, it’s fine. We’ll clean up your shit.” The ladies featured on this new cover [...]

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Alan Greenspan is the definition of 'EPIC FAIL'

Allison Kilkenny 12 Replies

Today, the former Fed chairman told George Stephanopoulos that the U.S. economy was “getting close” to the point where it would stop losing jobs. Fantastic, but I have a couple questions: Why is Alan Greenspan still being asked about the economy, and what does it take, exactly, to become a discredited figure in this country? If [...]

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Banking on the Brink

Allison Kilkenny Leave a Reply

Paul Krugman Comrade Greenspan wants us to seize the economy’s commanding heights. O.K., not exactly. What Alan Greenspan, the former Federal Reserve chairman — and a staunch defender of free markets — actually said was, “It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring.” I agree. [...]

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Comrade Greenspan: Seize The Banks!

Allison Kilkenny Leave a Reply

FT.com The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times. In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said [...]

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