Reader Steve writes in with a good question about Greenspan’s 3-Card Monte: Love your site and have been following the various articles about Social Security. Admittedly, my understanding of the…

Expectations were for another quarter point hike, and true to form, Greenspan did not disappoint those market expectations (he never does): The Federal Open Market Committee decided today to raise…

…it so even the dimwitted will understand this. The data are from the Greenspan-approved establishment, or “payroll”, survey (actually, nearly every economist not working for or hacking for the administration…

…December 1988. And inflation? It accelerated to above 4% for the 1987-1989 period and was near 6.3% by 1990. And people wonder why the Greenspan Federal Reserve allowed interest rates…

…question. Suppose that Greenspan thinks that interest rates will need to be at least, say, 2.5% a year from now. Currently the Fed Funds rate is at 1%. Should he…

…1990. In reverse order – if one looks at Federal income taxes (excluding that large increase in payroll contributions from the Greenspan commission plan to make Social Security solvent), real…

Higher Rates in Europe, Too? The markets took to heart Greenspan’s comments about the danger of deflation receding, and bond yields rose to their highest level in months. Some of…

…Question: To whom is the letter addressed? If you don’t already know the answer, you won’t guess in ten tries (it’s not Greenspan.) Answer here. AB UPDATE: An answer that…

Miscellaneous Via Daily Kos:Snow claims Greenspan backs tax cuts (full story here). As I mentioned before, Snow used to be against deficits. Wampum has an interesting suggestion for further de-Frenchification…

…a sudden increase of availability of new money. Yeah, Greenspan spiked the punch bowl at the same time, so the money was cheaper. But I’m thinking that lending standards plummeted…