Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (349)	4/5/2001 11:43:22 AM
From: Anthony Pellicano	Read Replies (2) of 494

John Chambers apparently has the same opinion "One big problem, said Chambers, was that "business leaders are making decisions based on real-time data, while governments are making decisions based on data that often lags by one to three months, and old economy data rather than new economy data." Cisco, which is considered to have one of the most advanced real-time internal systems for monitoring day-to-day worldwide customer demand ... ." What I don't understand is why these business leaders do not use their influence to express these concerns to the the officials that have been elected to represent the American people. Allan Greenspan is an enigma. He praises technology for raising productivity and keeping inflation in check, but implements policies that destroy the technology sector. He worries that inflation will erode overall purchasing power, but implements policies that destroys approximately $5.3 trillion in wealth. If the Fed wasn't so overly aggressive last year, would the inflation rate have risen enough to wipe out $5.3 trillion in purchasing power?

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