Alan Greenspan: Stop the stimulus, start the recovery

by editor on March 21, 2011

Did you know that Alan Greenspan was, for many years, one of Ayn Rand’s closest associates? With that in mind, it should come as no surprise that the former Head of the Fed is no fan of The Stimulus.

alan-greenspan

"Stop the stimulus, start the economy," says Alan Greenspan

CNN Money reports Greenspan’s Randian response:

Massive government intervention to save the economy is to blame for the lagging recovery, Former Federal Reserve Chairman Alan Greenspan said Tuesday.

Greenspan argued for less government intervention to get the recovery rolling and businesses investing in equipment and plants.

“What we need to do now is to calm down; let things move by themselves,” he said at a forum at the Council of Foreign Relations. “And indeed the rate of activism has decreased significantly and the ratio of capital flow has inched back up.”

“Less activism, more activity.”

Words to live by.

Source: CNN Money

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hisham
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hisham

I can’t take this guy’s BS anymore. I’m going out into the backyard and open a can of worms…anyone want to join me?

hisham
Guest
hisham

Hey thumbs down guy, was it the can of worms comment or the fact I invited you to join me?

KimmyQueen
Member

Stalker fan strikes again. I wish we could strike him.

hisham
Guest
hisham

I hope he gets a really bad paper cut!

michaelht1
Guest
michaelht1

smoke and mirrors is what the government is doing, meanwhile it spends 700 million American tax payers dollars to update Egypt’s sewer system for their mosques? funny how that somehow is suppose to assist our recovery, but I seriously do not think this administration has America’s recovery in mind.
http://www.wsbtv.com/video/25764282/index.html

brm
Member
brm

Unbelievable! I just about went ape-shit watching that. Might need TWO blood pressure pills today …

Wes
Guest
Wes

Since when is Greenspan for less Fed stupidity? Oh, when he’s trying to save his failed legacy, I guess. Here, let me quote one of my Wall St. buddies who didn’t think all the bs everyone was doing was good for the country: “Alan Greenspan is one of the greatest villains we’ve ever seen. He destroyed this country.”

YT
Member
YT

http://www.roadtoroota.com/public/101.cfm

Greenspan a mole? gotta wonder how a rand disciple did a 180 around reagan’s assassination attempt.

nuke
Member
nuke

I think Greenspan is right on this one. Less Government interference is most always a good thing, especially in the business sectors. Government is more the problem than the solution.

Kevin
Guest

Bah. Do you know who he’s married to? The guy’s a douche.

RockingHorseGuy
Member

That may be true, but he’s right on with this one.

Mistella
Guest
Mistella

Looks like a TV preacher. Greenspan said “Economy be HEEEEALED” However, it’s up to us to take away satan’s power in 2012.