Thursday, February 3, 2011

Alan Greenspan On The Primary Purpose Of A Central Bank

On January 7, The Wall Street Journal conducted an interview of Alan Greenspan.

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:
"...the primary purpose of a central bank is to protect the value of the currency..."
I will likely reference this quote in a subsequent post(s)...

_____

A Special Note concerning our economic situation is found here
SPX at 1304.03 as this post is written

1 comment:

  1. 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.

    Matt Blackman

    ReplyDelete