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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Nandu who wrote (160)6/2/2000 4:05:00 AM
From: Scumbria  Read Replies (1) | Respond to of 494
 
Nandu,

His economic models also tell him that allowing inflation to get out of hand will ruin the economy and increase unemployment.

Are you talking about the same Greenspan who raised interest rates multiple times several years ago, because he was sure that unemployment below 6% would be disastrous to the economy?

Isn't there some saying about "....good intentions."

Scumbria



To: Nandu who wrote (160)6/2/2000 11:13:00 AM
From: Master (Hijacked)  Respond to of 494
 
"He is on the side of the little guy".

Well, I'll bet you that quite a few of these little guys who've lost their jobs, their houses and their investments because of his old style economics model only wish they had him at arms length.


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