Friday, March 27, 2009

Is Greenspan to blame for the housing bubble?

Differing opinions on whether Greenspan bears responsibility for the housing bubble.

1 comment:

  1. Big THANKS for posting.

    The overall theme seems to be less about the man and more about the Fed. Perhaps most agree he's just a scapegoat of a totally f'ed central bank system that micro-mismanages rates, and any Nobel laureate in that position would distort/muck it up good.

    As expected, the token AEI (American Empire Institute) flunky deflects. No surprise since he was an economist for the FOMC during the period under review:

    "Mr. Reinhart is a resident scholar at the American Enterprise Institute. From August 2001 to June 2007, he was the secretary and economist of the Federal Open Market Committee."