Wednesday, September 19, 2007

Greenspan on Greenspan

. Wednesday, September 19, 2007

Alan Greenspan appeared on the NPR interview program "Fresh Air" yesterday. He defends his decisions as Fed Chairman against charges that the low-rate policy caused the current sub-prime mortgage problem and discusses other things concerning central banking. The interview is about 40 minutes long.

Perhaps the most interesting part (IMHO) comes about 33 minutes in when Terry Gross queries him about how a libertarian can assume the most powerful economic position in government. He answers by arguing that contemporary central banking is essentially about trying to replicate the functioning of the gold standard.


Greenspan on Greenspan




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