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To: fedhead who wrote (46053)	4/13/2000 5:44:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Anindo, yes, it is true. early in his career he used to espouse Austrian economics wholeheartedly. he was a strong proponent of the gold standard to help avoid the very thing he is doing now, namely printing money at will. i have no idea why he fell into the trap he now finds himself in...there's a famous essay of his where he describes the mistakes made by the 1920's Fed. he has repeated those very same mistakes during the '90's. reading this will leave you wondering...: gold-eagle.com regards, hb

To: fedhead who wrote (46053)	4/13/2000 5:47:00 PM
From: Mike M2	Respond to of 99985

Anindo, yes it's true see gold-eagle.com note he blames the Fed's excessive monetary ease for the 20's boom turned bust. mike

To: fedhead who wrote (46053)	4/14/2000 1:46:00 AM
From: gonzalez39	Respond to of 99985

Greenspan Yes he was close to Ayn Rand. In the 60's she wrote a book called "Capitalism: The Unknown Ideal". A "collection of essays on the moral aspects of capitalism." In the table of contents you would find: 4) Antitrust - Alan Greenspan 6) Gold and Economic Freedom - Alan Greenspan 9) The Assault on Integrity - guess who? There's a book called "The Greenspan Effect" written by David B. Sicilia and Jeffrey L. Cruikshank that describes how he met Ayn and joined a group that met in her apartment weekly in 1952. A 1974 article in the New York Times quotes Greenspan describing Rands influence on his thinking: "When I met Ayn Rand, I was a free-enterpriser in the Adam Smith sense-impressed with the theoretical structure and efficiency markets. What she did...was to make me think why capitalism is not only efficient and practical but also moral." Ayns book can be a little dry a times but The Greenspan Effect was a much better read, not to mention more current and relevant. Can't help you with the Australian connection. My opinion on him - plain and simple, his hearts in the right place and he has J6P in mind. Course I'm on my 4th black Russian so what do I know. Cheers.