Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/Alan Greenspan

Spare Us From the Invisible Hand

…of teeth in wholesale “confessionals” (Alan Greenspan). Markets suddenly became naked – they always were naked, but the veil of the invisible hand obscured their nakedness. It never was the…

Yankee Interlude

…runs in the middle and late innings this year. Is Alan Greenspan the Yankee pitching coach, and assuring the von Steingrabbers that such “bubbles” are ‘Once in a Century’ moments?…

What Remains of the Keynesian Revolution ?

…perceptions of the relative ability of Paul Volker and Alan Greenspan compared to Ronald Reagan, Newt Gingrich and George W. Bush Jr. I mean there were polite non ad hominem…

Salmon and Barnett on the $500,000 limit

…payments from the treasury. This argument was absolutely standard during previous bailouts (e.g. Alan Greenspan proposed bailing out NYC on terms such that no other city would ever become insolvent…

Two comments on Kling

…why Alan Greenspan was wrong to guess that low unemployment in the mid 90s did not imply that monetary tightening was needed. Neither you nor Hayek has explained why higher…

Reads of the Day for the start of 2009

…have an adjustable-rate mortgage. So Mulligan is basically blaming (1) those whose ability to keep their home depended on keeping their job and (2) those who took Alan Greenspan’s venal…

Roubini’s not wrong, but…

…it remains necessary through the night—is the best choice. Even if Alan Greenspan does agree with it. *If you look at the debt market, they knew BS was a junk…

Economic trouble

…was diligent about paying down the debt, Ford had to contend with an Oil Crisis and disco, and Bush Sr. got hosed by Alan Greenspan. GW has had everything his…

No laboring in economics

…economist of the second half of the 20th century…possibly of all of it”.[2] Former Federal Reserve Board chairman Alan Greenspan stated, “There are very few people over the generations who…

45 trillion credit swap market…how big is that?

…Chairman Alan Greenspan, a couple of years ago he called credit default swaps “probably the most important instrument in finance,” because they were supposed to spread risk around and stabilize…