Re: [Pen-l] Statements that don't look good in hindsight

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Statements that don't look good in hindsight
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Fri, 6 Mar 2009 15:06:48 -0500


On Mar 6, 2009, at 2:39 PM, Max Sawicky wrote:

ccording to Alan Blinder and Ricardo Reis (2005), Alan Greenspan has
a rightful claim to be “the greatest central banker who ever lived.”
Indeed, by most accounts, monetary policy worked remarkably well under
his leadership.

-- Greg Mankiw, "The Macroeconomist as Scientist and Engineer"

<http://www.federalreserve.gov/boarddocs/speeches/2004/200405062/default.htm >

"But a destabilizing contraction in nationwide house prices does not seem the most probable outcome. Indeed, nominal house prices in the aggregate have rarely fallen and certainly not by very much."

  - Alan Greenspan, May 6, 2004_______________________________________________
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Follow-Ups:
- Re: [Pen-l] Statements that don't look good in hindsight
  - From: raghu
- Re: [Pen-l] Statements that don't look good in hindsight
  - From: Jim Devine

References:
- [Pen-l] Statements that don't look good in hindsight
  - From: Max Sawicky

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Thread context:
- RE: [Pen-l] regarding WAR, (continued)
- [Pen-l] new radio product, Doug Henwood Fri 06 Mar 2009, 22:05 GMT
- [Pen-l] fresh punditry, Doug Henwood Fri 06 Mar 2009, 19:46 GMT
- [Pen-l] Statements that don't look good in hindsight, Max Sawicky Fri 06 Mar 2009, 19:10 GMT
  - Re: [Pen-l] Statements that don't look good in hindsight, Doug Henwood Fri 06 Mar 2009, 19:38 GMT
    - Re: [Pen-l] Statements that don't look good in hindsight, Jim Devine Fri 06 Mar 2009, 20:07 GMT
    - Re: [Pen-l] Statements that don't look good in hindsight, raghu Fri 06 Mar 2009, 20:48 GMT
      
      Re: [Pen-l] Statements that don't look good in hindsight, Eugene Coyle Fri 06 Mar 2009, 23:37 GMT
      
      Re: [Pen-l] Statements that don't look good in hindsight, Sandwichman Sat 07 Mar 2009, 16:12 GMT

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