cnbc: the Alan Greenspan Interview

Here’s the link to Alan Greenspan’s mea culpa / “don’t blame me” video interview broadcast as part of CNBC’s “House of Cards” special.

Greenspan admits he had the choice of correcting the mistakes of the Federal Reserve at a relatively small economic cost — or compounding those mistake and kicking them down the road creating today’s massive economic crackup.  In other words, Greenspan knew well the Hayekian business cycle facts in play, and he chose short term politics over the long term economic health of the country.

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