To: Mike M2 who wrote (6054 ) 5/18/1999 7:43:00 PM From: d:oug Read Replies (1) | Respond to of 80920
Mike, thanks for this information about Greenspan's seemingly contradiction. Those familiar with the writings of philosopher Ayn Rand will remember about 35 years ago her strong views that a gold standard is correct. Also, some may remember that when Greenspan was made Fed Chairman and was at a gathering of some of the government's powerful members, that he heard the question "..anyone here a fan of Ayn Rand.." and understood that it was directed at him, and he looked at the person, smiled and rised his hand to signal a yes responce. In my humble opinion I would suggest that eventho Mr. Greenspan did not understand Mrs. Rand's errors in the field of psychology, he has interacted contrary to her believes without understanding why. To rewrite the above paragraph, I would like to suggest that Mr. Greenspan is very much aware that his views of the gold standard to back up a countries money is still that he had in the past, but after becoming the Fed top person, he acted in a way counter to his Ayn Rand beliefs, and simply saw a bad situation that he could not control but a peice, and then proceeded to make the best of a bad situation thru compromise and working with the other folks in the world community that decide money matters. I would now like to suggest that Mr. Greenspan is very much aware of what is happening currently, and to suggest that he is very much closer to the beliefs of GATA than what appears thru his actions. If any "bubble" does burst, causing chaos, for example the USA stock market looses big time, that I predict that his actions will change for the better, as seened by the GATA movement. Doug | Next | Respond | To: Doug A K (6051 ) From: william e. magner Tuesday, May 18 1999 11:38AM ET Reply # of 6055 Doug, long ago AG criticized the Federal Reserve for their role in creating the 1920's stock market bubble. fame.org Mike