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.
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
This post was last modified on March 20, 2011
View Comments (12)
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?
Hey thumbs down guy, was it the can of worms comment or the fact I invited you to join me?
Stalker fan strikes again. I wish we could strike him.
I hope he gets a really bad paper cut!
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
Unbelievable! I just about went ape-shit watching that. Might need TWO blood pressure pills today ...
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."
http://www.roadtoroota.com/public/101.cfm
Greenspan a mole? gotta wonder how a rand disciple did a 180 around reagan's assassination attempt.
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.
Bah. Do you know who he's married to? The guy's a douche.
That may be true, but he's right on with this one.
Looks like a TV preacher. Greenspan said "Economy be HEEEEALED" However, it's up to us to take away satan's power in 2012.