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
