v. Mises: Chapter 83...Greenspan's real qualification

verfasst von CRASH_GURU, 03.03.2004, 08:54

-->Chapter 83
By Murray Rothbard

.....As to his eminence as a forecaster, he ruefully admitted that a pension-fund managing firm he founded a few years ago just folded for lack of ability to apply the forecasting where it counted: when investment funds were on the line.

Greenspan's real qualification is that he can be trusted never to rock the establishment's boat. He has long positioned himself in the very middle of the economic spectrum. He is, like most other long-time Republican economists, a conservative Keynesian, which in these days is almost indistinguishable from the liberal Keynesians in the Democratic camp. In fact, his views are virtually the same as Paul Volcker, also a conservative Keynesian. Which means that he wants moderate deficits and tax increases, and will loudly worry about inflation as he pours on increases in the money supply....

<ul> ~ http://www.mises.org/econsense/ch83.asp</ul>

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• v. Mises: Chapter 83...Greenspan's real qualification - CRASH_GURU, 03.03.2004, 08:54