Quote:
Originally posted by Astrocloud
I must admit that the Greenspan argument is compelling. Please cite a reputable source for his comments.
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His comments were in the latest FOMC (Federal Open Market Committe) press release. Check the Federal Reserve Board website. As far as his comments regarding fiscal responsibility, that has to do with a general long term strategy not a specific short term impact. The article you cite is eight months old and carries the same warnings about fiscal responsibility that he's been espousing since around 1987 when he began his tenure as the head of the Fed.