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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: ManyMoose who wrote (5304)3/6/2006 2:35:21 PM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
Correct Alan Greenspan who had replaced Paul Volker has now retired and been replaced by helicopter Bernanke. Helicopter has said in speeches that he would rather drop dollars by helicopter into a bank than see it fail. Many people correctly took this to mean that he would print money in a tight situation. This is inflationary.

He lacks Alan Greenspan's prestige, and his first crisis will be a larger test for him than it would have been for Greenspan.