Weekend reading - if it hasn't already been posted (politics aside):
Greenspan's Fraud
Best Selling Author and Economics Professor Ravi Batra Explains
Alan Greenspan has been worshiped and adored by America because he is perceived to have saved America from various economic crises over the last decade.
Best-selling author and professor of economics at Southern Methodist University, Ravi Batra, takes a different view of Greenspan. He sees Greenspan as a two-faced politician who changes his views depending on which way the wind is blowing.
More importantly, Dr. Batra believes that “Greenomics” has extracted trillions of dollars from the American middle class, sharply enriched the rich, and protected big business. In his book and in his interview with me, Ravi explains why he believes Greenspan’s inconsistencies on Social Security, income tax cuts, and the minimum wage are working to destroy the middle class and are leading America toward perilous times.
Your editor is not in complete agreement with some of Dr. Batra’s views but his theory that the ruling elite (who Greenspan works for) regulate the economy in such a way that wages lag productivity is not only novel, but a most important concept in understanding why America’s middle class is disappearing, why we are losing our manufacturing base, and why global trade imbalances persist. I hope you not only enjoy the following interview with Dr. Batra but that you also buy his latest book, titled, Greenspan’s Fraud.
(Interview follows..............)
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