I found a few aspects of this interview to be interesting. Perhaps most notable was the following comment by Greenspan, seen at the 13:58 mark:
I will likely reference this quote in a subsequent post(s)..."...the primary purpose of a central bank is to protect the value of the currency..."
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A Special Note concerning our economic situation is found here
SPX at 1304.03 as this post is written
If what Mr. Greenspan says is the case {"...the primary purpose of a central bank is to protect the value of the currency..."), his successor has probably been the most spectacular failure as a Fed chair in the jaded history of the Federal Reserve.
ReplyDeleteMatt Blackman