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

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.

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Socialism is based on the lack of understanding of what it is to which we owe the available wealth that socialists hope to redistribute. — F. A. Hayek

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