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Home Economics
Monday, September 17, 2007
Alan Greenspan served as Chairman of the Federal Reserve Board for nearly two decades. In his memoir, The Age of Turbulence, he describes his childhood in New York and early career as a jazz clarinetist, explains how he became an economist and entered public service, and shares his unique perspective on the evolution of the American economy.
Purchase The Age of Turbulence: Adventures in a New World at amazon.com.
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As a free market lover, what crossed your mind when bankers and investors came to buy or sell billions in securities, etc. -- based on the girth of the briefcase you carried each time you announced the official government interest rate level?
By the way -- Where is that briefcase now? How much would you sell it for? Has it other magic powers or just the one?
Hi,
Can you please ask Mr. Greenspan about his comments concerning the primary goal of the Iraq War was for oil?
He was featured on 60 Minutes last night but it was not mentioned. I don't understand. This is NEWS.
Please I know from previous shows Brian Leher didn't want to talk about oil a few weeks ago.
It's the pink elephant.
Here is the link:
http://www.truthout.org/docs_2006/091707M.shtml
Mr. Greenspan:
Our largest costs -- Property Values, Health Care, Education -- have been inflating by 10-30% annually for at least a decade, while paychecks have increased relatively slightly or dropped.
So which is more risky, from the macro view:
1. inflation of paychecks (to match increases of the above costs),
or
2. the current solution, excessive borrowing?
Or do you recommend a third way.
Official inflation numbers remain very low. However, one has to live on the Moon not to see price increases. Can statistics provided by the US government be trusted? Another one on the same topic – why did Federal Reserve stop publishing money supply measures, like M3?
Mr. Greenspan,
Is Africa on your radar?
The latest credit crunch did not have a negative effect on the entire world. The African capital markets, whose 2002 - 2006 Market Capitalization is up 389% and 2002 - 2006 Value Traded is up 439% have proven themselves uncorrelated to this mess.
If Dick Cheney is his Old Friend...we are in trouble then...why don't u throw him a few more softballs Lenny...ask him about his grand kids...or about Mozart
What was the mechanism by which Saddam was going to interrupt the worlds oil supply in 2003? The man couldn't control his own air space.
He is just back-tracking now but historically he will cover his butt.
Great job questioning him... right. GRILL HIM.
So he thinks it was cool to kill a 500,000-1 Million people? All these troops blood spilled???? For oil? Is he insinuating we were mislead into this war?
ASK HIM??????????
Has Mr Greenspan been asked why he spoke about the virtues of ARMs & then began raising interest rates almost immediately? This made getting ARMs an awful decision.
Lenny run out and get him a sandwich...dead air would be more truthful
Unfortunately, when Greenspan practices Home Ec, his home's the world. And he doesn't treat it as a rental.
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