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#alangreenspan — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #alangreenspan, aggregated by home.social.

  1. Other former #Fed & #Treasury ofcls joined the chorus against the #JeromePowell investigation.

    “The reported criminal inquiry into #FederalReserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine that #independence,” the ofcls said in a statement. Signatories included fmr Fed Chairs #BenBernanke & #AlanGreenspan, fmr Treasury Secretaries #TimothyGeithner & #HenryPaulson, & a number of prominent economists.

    #Trump #DOJ #law #economy
    jointstatement.substack.com/p/

  2. CW: Long thread/5

    II. Markets can solve problems, governments can't

    #AlanGreenspan made a career out of blithely asserting that markets self-correct. It was only after the world economy imploded in 2008 that he admitted that his doctrine had a "flaw":

    pbs.org/newshour/show/greenspa

    No matter how serious a problem is, the market will fix it. In 1973, the US #ChamberOfCommerce railed against safety regulations, because "safety is good business," and could be left to the market.

    5/