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Revision History For: Is Mr. Greenspan guilty for the deterioration of the economy

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Return to Is Mr. Greenspan guilty for the deterioration of the economy
 
My answer right of the bat is: Yes!

Fighting a non-existing inflation, he raised interest rates 6 times in a row, stiffling the consumer's power. It is a dramatic downward in our economy.

Yesterday he lost the opportunity to prove that he acts, not only re-acts. The markets lost confidence in him, for not doing so. It seems to me that we need a new mind to lead our financial policy. My convinction is that he does NOT understand the new high tech economy.

Candidates to replace him ?