…try 2 1) Very political economy and trying to read Greenspan’s mind of the time. Greenspan would have punished Congress and Clinton for disobeying his command to cut the deficit…

…economy humming along, it should be unthinkable that policymakers would enact a series of massive tax hikes that could derail the good times. Does this remind you of Greenspan’s remarks,…

Tom Nugent joins Victor Canto in praising the appointment of Ben Bernanke to head the Federal Reserve: Bernanke, like Greenspan and Volcker, will take a price-rule approach … Since 1982,…

…rate, the core rate tends to rise, though it takes several months. This has happened throughout the Greenspan era of monetary policy, and thus throughout a period of very firmly…

…to questions from Congressman Jim Saxton (R-NJ), Chairman Greenspan recently wrote (note: this Q&A is worth reading in its entirety and addresses the yield curve and oil in addition to…

As I suggested earlier, Greenspan is spouting more garbage when he claims that his support for the Bush tax cuts was justified given the projections of the budget surplus at…

Greenspan Agrees I’m not saying that this is the definitive word (because I certainly believe that he has been wrong about things before), but apparently Greenspan agrees with my earlier…

The Sucker You can’t play Three-Card Monte without a mark, a patsy, a sucker. Guess who’s playing the sucker in Greenspan’s shell game? Since 1983, American workers have been paying…

…not expect to find a significant increase in expected inflation (after controlling for lagged inflation) when Bernanke was Fed chairman compared to Greenspan in spite of the fact that Bernanke…

…better than it had  previously, and in the middle of the decade there was an important moment regarding policy.  There was no inflation directive but Fed Chair Greenspan was facing…