magila

34 ms·

1. 361.▲
   by magila 14y ago

   Remember though that there are two sides to every transaction. Given a consistently deflationary currency buyers become increasingly unlikely to be willing to offer said currency as payment to sellers. Thus the liquidity of the currency wil
2. 362.▲
   by magila 14y ago

   Ok, but the blog post was clearly referring to Greenspan's actions/statements during his tenure as Chairman of the Federal Reserve by which time his credibility as an advocate of laissez-faire was out the window.
3. 363.▲
   by magila 14y ago

   To be fair, calling Alan Greenspan an advocate, let alone a practitioner, of laissez-faire economics is kind of like calling the pope an atheist.