The “Global Savings Glut” Sham

By Greg Ransom, on May 4th, 2010%

Steve Hanke takes a look at the evidence and concludes that Alan Greenspan is simply b*llsh*tt*ng the public when he directs attention to a “global savings glut” and claims that the Federal Reserve has no responsibility for the current boom and bust cycle.  Quotable:

What is a bubble? There are many types. One type is . . . → Read More: The “Global Savings Glut” Sham

Comments are closed   Alan Greenspan, Boom & Bust, Federal Reserve

Greenspan’s Fatal Conceit — UPDATED

By Greg Ransom, on May 3rd, 2010%

UPDATED — I took this story from Paul Krugman, and then was pulled away from the computer just as I was working to re-check the context of the quotation.  Turns out, Greenspan was quoted out of context and the story is essentially bogus.  The moral of the story is check everything for yourself — and . . . → Read More: Greenspan’s Fatal Conceit — UPDATED

Comments are closed   Alan Greenspan

bust: The Man Who Called The Crash Confronted Greenspan Man-to-Man in 2003

By Greg Ransom, on April 23rd, 2009%

One of the men who called the artificial boom and inevitable bust — Bank of International Settlements chief economist William White  — confronted Fed chairman Alan Greeenspan personally at the annual meeting of the Kansas City Fed in August of 2003.  Greenspan rebuffed White’s policy arguments.  The rest is history.

One comment - (Comments are closed)   Alan Greenspan, Boom & Bust
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A government which cannot obey any principles must maintain itself by handing out special favours to particular groups. It must buy its authority by discrimination. — F. A. Hayek
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