Some contend that Rubin, Greenspan and the rest of the Federal Reserve board have disgraced the Greatest Economy on earth.
Clinton follies have an impact on the way we look at politicians in general. To say the least, it is no big deal as nobody really thinks highly of politicians to begin with, anyway.
But, on the other hand, the follies of the Feds will have profound impact on our lives and livelihood.
The worst thing current irresponsible acts (a la easy money) of the Feds will make the day to day lives of 100s of millions a living hell - possibly for a couple of decades.
Let the Presidential historians examine the last fibre of the semen stained dress. Let them worry about the useless issues like how future will look at Clinton presidensy in general. Let the press focus and analyze in detail the bizzare approval ratings of the President. If you are more concerned about the way this administration in general, the Federal Reserve Board in particular, is handling the economy, perhaps by looking at the polls, this is the place for you. Let us hope that this thread will develop to be a Historian on Fed during the go-go years of the late 90's.
I make no bones about where I stand on this issue. I think Greenspan is a disgrace to this economy. But, if you feel strongly otherwise, please post here. I will throw some points to ponder by the thread.
Has Greenspan sold his soul to his boss Bill CLinton, and .
Does Greenspan think that the Fed has a responsibility to act only when stock prices are falling and they have no obligation to curb speculative fever?
Does Greenspan think that eternal prosperity can be guaranteed to all the participants in the financial market?
Has Greenspan panicked to early in October 1998, when the bubble is about to pop, and reinflated the bubble to even further?
Are Bob Rubin and the IMF are partly to blame the blow-up of SE Asean economies (and, of course, also the Russian economy and the aftermath)?
A little later I will provide some invaluable links to articles, and SI posts who look at this Fed and Greenspan in close-up
In the mean time, fire it away!