[expat_panama]

Alan Greenspan said that the government creates money to finance itself was he wrong?   "How should I know?"

Sir Alan seems to be messing things up worse now that he's retired.  Back when he was Fed chief he was only irrelevant, like when he was warning everyone about Y2K while ignoring the impending dot-com bubble.

[AndyJackson]

while ignoring the impending dot-com bubble

Sir Alan blamed the 1929 bubble on the federal reserves failure to restrain monetary growth in the preceding years?

Did the Federal Reserve's monetary policy, in your opinion have anything to do with the then "impending dot-com" bubble?

In your opinion did it have anything to do with the current "sub-prime" mess?

[groanup]

Sir Alan utters a phrase and a whole thread turns into whether that phrase is a law of economics or not. Greenie caused a nosedive in the stock market in 1998 by uttering a phrase.