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Pastimes : Alan Greenspan MUST GO:
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To: Master (Hijacked) who wrote (377)6/19/2001 3:56:45 PM
From: Tony Wang  Read Replies (2) of 494
 
Thanks to Mr. Greenspan that the Money Supply was reduced last year and interest hikes took the US economy to its present day deflationary woes. Forget inflation, Alan G. will be known as the chairman who through his fear of full employment (people working), his fear of people saving ( "stock market's exuberance" ), and his reckless tightening of Y2K will have caused the major Depression for the first time since 1929.
BY fighting the wrong battle, and using the wrong map (Phillips curve), Greenspan and his cohorts with unchecked power destroyed the savings of millions of Americans.
Stock markets go up and they go down, but when the government is using its leverage behind hypocrisy of free markets and causing its downward spiral and consequentially depleting the wealth of the Nation, it is time for us to write our Congressmen and address the unchecked power of the Fed.
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