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.
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IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
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Wednesday, September 19, 2007
Greenspan on Greenspan
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