Letters to the Editor
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Seeking advice from Greenspan- lady are you nuts????
I think HRC wanting Greenspan's advice is probably the best example of somebody stuck in a time warp unable to tell the difference between good economic advice from bad and a little girl reading a poem from sniper fire.
Greenspan has been a fraud from the day he became Chairman of the Fed. As a private economist his track record was not much better. He has basically been a shill for Wall Street. Don't take my word for it do your own research- at every critical turning point he was wrong. In 2000 just before capital spending fell of a cliff Greenspan said he saw no sign of a slow down, or after the Asian crisis "it defies belief to believe that the US will remain an island of stability" wrong!!! the following quarters the US economy had some of its strongest growth period.
Like Bill Clinton Greenspan was the beneficiary of some mega global trends- China with its vast pool of cheap labor getting incorporated into the world economy, the internet, fiber optic cables and vast expansion in computing power. This was period similar to boom experienced with the introduction of rail roads and then electricity. Even he couldn't screw it up then but we are paying the price now for a Fed Chairman who rather than remove the punch bowl (as his predecessors would have done) spiked instead- party on!