Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: glowindark who wrote (39)	5/24/2000 11:09:00 PM
From: Master (Hijacked)	Read Replies (1) of 494

glow, I totally agree. On several occasions he has mentioned the "Wealth Effect" as if it was a crime for the average joe to secure a little nest egg for a more comfortable retirement. He talked of "Over-exhuberance" and targeted investors to ensure that this sudden wealth could be curtailed. In essence, what he is saying is that it is easier to control an economy which has a small percentage of wealthy upper class, a small percentage of unemployed and beggars, and a large working class to support the beggars and the filthy rich. As the working class was enriching itself, it posed a problem as it destabilized his myopic archaeic view of economics. Vince

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