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Headline of the Day: Greenspan Says Government ‘Activism’ Hampering U.S. Recovery

Posted By Barry Ritholtz On March 4, 2011 @ 7:00 am In Bailouts,Federal Reserve,Really, really bad calls | Comments Disabled

What a schmuck: The worst central banker in the history of planet earth has a something new to say [1]: U.S. government “activism” — fiscal stimulus, housing subsidies and new regulations — is holding back the economic recovery.

No word on how his central bank activism — ultra-low rates, radical deregulation, and nonfeasance of his regulatory obligations — helped cause the crisis.

Its not that he is a jackass who helped bring the world to the abyss of economic collapse due to his radical ideology — its that he is hellbent on causing the next economic collapse with the same radical ideology. This despite his zombie philosophy being proven so terribly terribly wrong.


Greenspan is on CNBC Squawk Box [2] right now


Greenspan Says Government ‘Activism’ Hampering U.S. Recovery [3]
Scott Lanman
Bloomberg, March 3 2011

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/03/headline-of-the-day-greenspan-says-government-activism/

URLs in this post:

[1] new to say: http://noir.bloomberg.com/apps/news?pid=20601010&sid=aOWWyVcfnhtE

[2] CNBC Squawk Box: http://www.cnbc.com/id/15838368

[3] Greenspan Says Government ‘Activism’ Hampering U.S. Recovery: http://noir.bloomberg.com/apps/news?pid=20601010&sid=aOWWyVcfnhtE

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