"So THAT'S what caused the crash -- extreme happiness coupled with fear and animal spirits. This is the essence of Keynesian economics in terms of its attempt to explain depressions. The Greenspan Fed had nothing to do with The Great Recession, in other words."Evil, not stupid.
Tuesday, August 21, 2012
Federal Reserve
Alan Greenspan, who supposedly learned from Ayn Rand, like a good Keynesian continues to try and blame others for the boom and bust into the great recession that he caused.
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