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In his 17 1/2 years as Fed chairman, Greenspan has promoted his own free-market views that the economy works best with less government regulation.

IMHO we still have a long way to go.

1 posted on 02/06/2005 11:45:58 AM PST by wagglebee
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To: wagglebee

I miss the OLD Alan Greenspan who hung out with Ayn Rand and Murray Rothbard. Alan's OK as far as government functionaries are concerned, but he has "gone Hollywood,er, Washington" in many ways.


2 posted on 02/06/2005 11:48:05 AM PST by Clemenza (I Am Here to Chew Bubblegum and Kick Ass, and I'm ALL OUT OF BUBBLEGUM!)
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To: wagglebee

"It is not from the benevolence of the butcher the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity, but to their self-love, and never talk to them of our own necessities, but of their advantages. Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens. Even a beggar does not depend upon it entirely. The charity of well-disposed people, indeed, supplies him with the whole fund of his subsistence. But though this principle ultimately provides him with all the necessaries of life which he has occasion for, it neither does nor can provide him with them as he has occasion for them. The greater part of his occasional wants are supplied in the same manner as those of other people, by treaty, by barter, and by purchase. With the money which one man gives him he purchases food. The old clothes which another bestows upon him he exchanges for other clothes which suit him better, or for lodging, or for food, or for money, with which he can buy either food, clothes, or lodging, as he has occasion."


5 posted on 02/06/2005 2:50:20 PM PST by Max Combined
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To: wagglebee
It's too bad Greenspan doesn't practice what he preaches.

He controls our economy by claiming that all sorts of things cause inflation, which really don't.

6 posted on 02/16/2005 10:16:56 AM PST by Moonman62 (Republican - The political party for the living.)
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