Audience Reaction To Greenspan’s Cfr Speech:”That Was Scary As Shit…”
Keynesian Alan Greenspan Gets Religion, Issues Warning To Obama & Congress: “The Stimulus Failed! Stop Spending!”
Another Keynesian has come around from the dark side. How long until Krugman, Delong, & Romer admit the multi-trillion dollar error of their ways. Never. They are political economists, trolls really, and they are focused on extending the power of the Federal government and winning elections for Democrats.
Now onto Sir Alan’s conversion. Extremely enlightening speech from Greenspan yesterday sponsored by the Council on Foreign Relations (CFR). Greenspan says watch gold prices, stop the futile attempts at stimulus, let the Bush tax cuts expire, and slash government spending quickly and aggressively. Check out some of the quotes below.