Nov 07 2007

Greenspan’s Verbal Monkey Wrenches

Published by V at 10:32 am under The Fed

This is the point of yesterday’s Fed post. Information is important to the economy and Greenspan’s talking doesn’t necessarily make Bernanke’s job any easier. Hey, we believe in free speech as much as anybody. But that doesn’t mean it’s appropriate to shout “Fire!” in a crowded economy.

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2 Responses to “Greenspan’s Verbal Monkey Wrenches”

  1. # Cyrillic Partners » Fed to Publish Projectionson 17 Nov 2007 at 11:09 pm

    […] it pay back to Alan Greenspan for his negative predictions (we republished a cartoon about this). It’s a subtle way to take power away from the various would-be prognosticators by […]

  2. # Cyrillic Partners » Greenspan: Dollar Drop Not Fed Problemon 24 Nov 2007 at 1:09 pm

    […] At least the former Fed chairman isn’t spouting as much doom and gloom earlier this month (see our post on it). […]

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