IN MY VIEW GREENSPAN WHO GOT US INTO THE FINANCIAL MESS AMERICA IMPOSED ON THE REST OF THE WORLD IS AN IDIOT ECONOMIST OF A VERY OLD SCHOOL WHO DOES NOT UNDERSTAND THE SLIGHTEST ABOUT BANKING .... AND IS MISGUIDED ON THE ROLE CONSERVATIVE ECONOMICS FROM CHICAGO ...
WASHINGTON, May 17, 2015 − At any given time, economists often find it difficult to reach a complete consensus on the proper economic policy to implement. Most of this lack of agreement is based on differences about key assumptions, such as what the role of government should be in influencing economic activity.
As a general practice, economists usually debate such issues in a healthy manner. But sometimes, economists like Paul Krugman shamefully attack a colleague instead.
Alan Greenspan served as Chairman of the Federal Reserve from 1987 to 2006. During those years, he successfully guided U.S. monetary policy, which, during his term, was able to minimize the effects of the 1991 and 2001 recessions.
During his tenure, Greenspan managed to keep inflation under 3 percent, while maintaining relatively low unemployment levels, even during the recession years. Today, most Americans think he did a good job. Except Paul Krugman, who strongly disagrees.
http://www.commdiginews.com/featured/paul-krugman-shamefully-attacks-alan-greenspan-41712/