Friday, April 9, 2010

Blowing bubbles again?

When Alan Greenspan stepped down as chairman of the Federal Reserve in 2006, his reputation had reached iconic status in some circles. With the nickname "Maestro," he was hailed as the architect of the booming, low-inflation economy of the 1990s and early 2000s. "We think he has a legitimate claim," said Princeton University economists Alan Blinder and Ricardo Reis in 2005, "to being the greatest central banker who ever lived." http://ping.fm/ETxUS

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