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Wednesday, August 24, 2011

rl2010marketing: The Alan Greenspan Paradox: Economics From a Paral...

rl2010marketing: The Alan Greenspan Paradox: Economics From a Paral...: The Alan Greenspan Paradox: Economics From a Parallel Universe | Crooks and Liars

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    Well, actually credit expanded more rapidly than the 4.2 percent rate in 2010 in every single year that Greenspan chaired the Fed. In fact, it expanded more rapidly in every year in this series (going back to 1976) and probably every year since the Great Depression. In other words, for Alan Greenspan night is day, up is down, he is looking at an extraordinarily slow pace of credit expansion and telling reporters that is the fastest on record...

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