3 ms·
"Greenspan and friends were all major libertarians, and even Greenspan said he was full of shit." Oh well, at least that line made it worth reading.
by puzzle-out 18y ago
"Greenspan and friends were all major libertarians,
and even Greenspan said he was full of shit."
Oh well, at least that line made it worth reading.
- jordanf 18y agoGreenspan was a self-proclaimed libertarian who used to support a gold standard. Of course then he gained virtually unlimited power by controlling the entire US economy. Power naturally corrupts, he renounced his views, encouraged every American to spend more than he or she possessed, artificially lowered interest rates and caused the entire housing boom. Article is a joke. Can't believe this crap gets out there.
- zzzmarcus 18y agoThis is, however jaded it sounds, is basically correct. Read Greenspan's book (Age of Turbulence) to get it in his own words. While he was running the fed he was definitely not a libertarian. In fact, I'd argue that that you can't be a member of the fed and be a libertarian, their entire purpose is to artificially manipulate the economy through government... or quasi-governmental intervention.