Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (25540)	11/18/2002 10:14:56 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 74559

It seems the greatest international crook/lier is accepting his incompetence one step at a time. Greenspan: Policymakers Can't Avoid Errors Monday November 18, 5:04 pm ET WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan, one of the United States' most highly regarded central bankers, warned on Monday against over-estimating the skills of economic policymakers. "History teaches us that no matter how well intentioned economic policies and decisions may be, policymakers never can possess enough knowledge of the complexities of the economy nor sufficiently foresee changes in the economic environment to avoid error," Greenspan said in prepared remarks to be delivered to an American Enterprise Institute reception in honor of a new Fed history book. "History can and does provide examples that can help guide policymakers away from repeating the worst mistakes of the past. Indeed, only through an understanding of historical precedents can we continue to improve our policies," he said. Greenspan's prepared remarks made no mention of the outlook for the U.S. economy or monetary policy. The reception marked the publication of "A History of the Federal Reserve, Volume I: 1913-1951," written by long-time Fed watcher Allan Meltzer. Meltzer is also a visiting fellow at the AEI, a Washington think tank, and a professor at Carnegie Mellon University.