Wednesday, May 15, 2013

AG - Alan Greenspan on 'Turbulence' and Exuberance (audio)

"...thoughts on paper, at length, in a memoir. It's titled The Age of Turbulence: Adventures in a New World..."

"I have always argued that the gold standard of the 19th century was a very effective stabilizer. It kept inflation essentially at zero, and I felt it was critical for the tremendous growth that occurred for the American economy in the latter part of the 19th century."


h/t to Arthur Cutten (Jesse) @JessesCafe

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