I guess I should also clarify myself in some way. I don't mean to imply that Alan Greenspan doesn't know what he's talking about. What I meant is that people place too much emphasis on him as a forecaster of economic times. Sure, the man is an economic genius. As others have stated, he wouldn't have lasted as long as he has if he was an imbecile. However, many people - not on the boards here, mind you - believe he is the Wizard of Economic Oz.
My comment had to do with the fact that, while the United States is the economic powerhouse in the world at the moment, the world's economy, and thus ours, is more a factor of the goings on of the World Bank, IMF, and GATS.
__________________
"I can normally tell how intelligent a man is by how stupid he thinks I am" - Cormac McCarthy, All The Pretty Horses
|