- Remarks by Chairman Alan Greenspan Before the Economic Club of New York May 24: - Der letzte Grund, 28.05.2001, 10:32
- Re: Remarks by Chairman Alan Greenspan / Auszug - JüKü, 28.05.2001, 10:46
Re: Remarks by Chairman Alan Greenspan / Auszug
A central bank can contain inflation over time under most conditions. But do we have the capability to eliminate booms and busts? Can fiscal and monetary policy acting at their optimum eliminate the business cycle, as some of the more optimistic followers of J.M. Keynes seemed to believe several decades ago?
The answer, in my judgment, is no, because
<font size="6">there is no tool to change human nature... </font>
(könnte von Elliott höchstpersönlich sein)
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