Re: [Pen-l] Greenspan gives himself high grades as a central banker

[michael perelman <michael@xxxxxxxxxxxxxxxxx>]

Those evil Asians with their savings glut did us in & poor Alan was 
powerless.

He should read

Auerbach, Robert D. 2008. Deception and Abuse at the Fed: Henry B. 
Gonzalez Battles Alan Greenspan's Bank (Austin, TX: University of Texas 
Press).

Some very interesting stuff there, Alan.

raghu wrote:
> Can you believe this guy?
> http://online.wsj.com/article/SB123672965066989281.html
> -----------------------------------------------snip
> I personally prefer Milton Friedman's performance appraisal of the
> Federal Reserve. In evaluating the period of 1987 to 2005, he wrote on
> this page in early 2006: "There is no other period of comparable
> length in which the Federal Reserve System has performed so well. It
> is more than a difference of degree; it approaches a difference of
> kind."


--
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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