tag:blogger.com,1999:blog-30495100.post6816508972560222953..comments2024-01-29T17:58:00.974-05:00Comments on Galileo Blogs: Galileo Blogshttp://www.blogger.com/profile/02592692929747610846noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30495100.post-41640134779026098432007-09-19T18:34:00.000-04:002007-09-19T18:34:00.000-04:00You could be right. I plan on reading his autobiog...You could be right. I plan on reading his autobiography to gain further insight into the man.<BR/><BR/>As for his record at the Federal Reserve, from my vantage he kept inflation in check during most of his tenure, except for over-inflating in his last few years, for which we are suffering now. His record as Fed chairman was overall as good as can be expected, given the flawed nature of the institution and the impossibility of anyone getting it right.<BR/><BR/>You are saying that he also knew that the Fed was flawed, but that it was better that he, with his capitalist knowledge and perspective, helmed it than someone who actually believed in the institution.<BR/><BR/>If I judged him as the author of his articles in Capitalism: The Unknown Ideal, I would have to agree with you.<BR/><BR/>I will let you know what I think after I read his autobiography.Galileo Blogshttps://www.blogger.com/profile/02592692929747610846noreply@blogger.comtag:blogger.com,1999:blog-30495100.post-30585389746758850902007-09-19T17:20:00.000-04:002007-09-19T17:20:00.000-04:00Over the years I have argued to anyone that would ...Over the years I have argued to anyone that would listen that Greenspan was a "sheep in wolves clothing." Like Mission Impossible his job was to save a country that had a Welfare state economy and a Keynesian perspective on deficit spending and fiat money from total collapse. There was only one man for the job -- a man who understood the danger and who was willing to talk gobbledygook to congress to keep interest rates from creating inflationary pressure. He did just that. I always ask the people who berate him, what did you expect him to do? And did he ever hide -- in fact at the time he flaunted at the risk of not being confirmed -- his open association with Rand. I don't think his argument against central banking was unintentional at all.Thomas Rowlandhttps://www.blogger.com/profile/02936086526966725798noreply@blogger.com