Do you really think so? Wait a while.
You and McCain will get over your admiration of Alan Greenspan, too.
Too, you need to explain your admiration of the performance of Arthur Burns, who as Fed chairmain in the 70's presided over the trashing of the dollar, which declined by a factor of about three during his tenure IIRC. The total inflation factor of the dollar from the beginning of the Vietnamese War to the appointment of Paul Volcker was about 6:1.
Of course, it was only the little guys who got screwed, like my aunt and grandmother, who stupidly continued to believe the old New Dealers' assurances about the continuing value of war bonds and Series E bonds they'd purchased, all through the Burns-directed decline of the dollar.
It's been more than 90 years.
We got screwed on gold, ourselves. Bought at the top, held to the bottom. Ugly. That was right after we got married, it was my husband's inheritance, and I kept my mouth shut and let him take care of it.
He believed all the hard money guys. Whereas, if he'd bought 30 year Treasury bonds, we'd have made a bundle at 13%. Or maybe we'd have been greedy and gone for ten years, that paid 15.68% on 10/02/1981. But he's not the finance type, never was. Now he listens to me.
Yeah, poor grandma got screwed on 13% bonds. ;^)
Ouch. My mother did similar ---- keeping all of her savings in a 5% passbook account while inflation ran into double digits. She refused to listen to me when I suggested she invest some other way. And then I'd blow a gasket or two doing her taxes at the end of the year and the IRS was sucking on her interest from the first dollar while the Fed inflation was destroying her principle.