Dirtbag Commie Protesters Are Stifling Growth

[I AM NOT THAT GUY 5,715]

Greenspan Says Government ‘Activism’ Hampering U.S. Recovery

Former Federal Reserve Chairman Alan Greenspan said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.

Greenspan’s conclusions fit with his long-held free-market ideology and may aid Republican lawmakers who argue that cutting federal spending now will help spur job growth.

“Much intervention turns out to hobble markets rather than enhancing them,” said Greenspan, 84, who was appointed Fed chairman by Republican President Ronald Reagan in 1987 and served until 2006. “Any withdrawal of action to allow the economy to heal could restore some, or much, of the dynamic of the pre-crisis decade, without its imbalances.”

http://www.bloomberg.com/news/2011-03-03/greenspan-says-surge-in-government-activism-is-hampering-u-s-recovery.html

[one...two...tree 2,762]

Greenspan is still a Libertarian, even though he admitted that government oversight and intervention is necessary. Meanwhile, Ayn Rand has taken him off her Christmas list and no amount of pro-Libertarian statements like the one above will repair the relationship.

[luckytxn 2,264]

Greenspan is still a Libertarian, even though he admitted that government oversight and intervention is necessary. Meanwhile, Ayn Rand has taken him off her Christmas list and no amount of pro-Libertarian statements like the one above will repair the relationship.

You do know Ayn Rand is dead right?

[one...two...tree 2,762]

You do know Ayn Rand is dead right?

[Obama 2012 1,714]

a man who should be in prison giving advice? tsk tsk...

It's his allowance of the combination of the banking/insurance market that got us into the mess we are in today.

[ready4ONE 5,400]

a man who should be in prison giving advice? tsk tsk...

It's his allowance of the combination of the banking/insurance market that got us into the mess we are in today.

Right, because for damn sure it wasn't the banking and insurance executives! Corporations have no responsibility for their actions...

[one...two...tree 2,762]

a man who should be in prison giving advice? tsk tsk...

It's his allowance of the combination of the banking/insurance market that got us into the mess we are in today.

Don't hate him for employing his Libertarian philosophy to economics.

[I AM NOT THAT GUY 5,715]

Don't hate him for employing applying his Libertarian philosophy to economics.

Greenspan wasn't much of a free marketeer during his fed days. Most would agree he kept the brakes on much too long by clamping down on inflation and driving down interest rates. The banks got themselves into this mess all by themselves, although the refi market was driven by ever the decreasing interest rates. Now it is time to pay the piper. I for one, would like to see interest rates back in the high teens again. So would a lot of other baby boomers that own their homes outright and are facing retirement in the next decade, or so.

[one...two...tree 2,762]

Greenspan wasn't much of a free marketeer during his fed days.

He's one of Rand's first disciples, which is ironic to see Libertarian types on message boards downplaying his Libertarianism as well as those who threw him under the bus the moment he spoke those fateful words before Congress. He's more Libertarian than the fanboys on this site.

Edited March 4, 2011 by 8TBVBN

[I AM NOT THAT GUY 5,715]

He's one of Rand's first disciples, which is ironic to see Libertarian types on message boards downplaying his Libertarianism as well as those who threw him under the bus the moment he spoke those fateful words before Congress. He's more Libertarian than the fanboys on this site.

[Ban Hammer 13,352]

He's one of Rand's first disciples, which is ironic to see Libertarian types on message boards downplaying his Libertarianism as well as those who threw him under the bus the moment he spoke those fateful words before Congress. He's more Libertarian than the fanboys on this site.

he was......then things changed.

[Obama 2012 1,714]

Right, because for damn sure it wasn't the banking and insurance executives! Corporations have no responsibility for their actions...

Not when the Government says, "here, have a cookie and feel free to take as many as you want."

Alan Greenspan did everything he could to make sure the derivatives market was free to do whatver it wanted without as much of a bat of an eye. Larry Summers right next to him as well.

[one...two...tree 2,762]

he was......then things changed.

He didn't tow the line one time and you could hear thousands of Libertarian fanboys across the country let out a gasp of Diet Coke breath.

[Ban Hammer 13,352]

He didn't tow the line one time and you could hear thousands of Libertarian fanboys across the country let out a gasp of Diet Coke breath.

he stopped toeing the line decades ago.

"Toe the line" is an idiomatic expression meaning to conform to a rule or a standard. no one is pulling anything anywhere.

[luckytxn 2,264]

He's one of Rand's first disciples, which is ironic to see Libertarian types on message boards downplaying his Libertarianism as well as those who threw him under the bus the moment he spoke those fateful words before Congress. He's more Libertarian than the fanboys on this site.

He was and I read his writings from before he became head of the Fed and he would talk about very sound monetary principles and even the need for a gold standard. His actions after taking the head Fed job showed differently though. He had no problem at all in just printing more money whenever needed. He could flip anyway that was needed and even Clinton kept him on. There is no mistake the man is smart. He even I remembered tried to sound some warnings but he was the head Federal reserve and did exactly what this country didn't need to be done. We need sound fiscal and monetary policies and he did neither. He can talk a good game though.