Tag Archives: alan greenspan

Manna from Heaven

Posted on August 28, 2015 by MN Gordon

Modern day monetary policy’s something we disparage around here at the Economic Prism.  Relegating what price to set the key lending rate to a cadre of unelected technocrats is a contradiction of life in a free society.  That’s how we … Continue reading →

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Salting the Earth with Money

Posted on June 11, 2013 by MN Gordon

Former Federal Reserve Chairman Alan Greenspan opened his mouth last Friday to caution on the perils of quantitative easing and artificially suppressed interest rates.  Greenspan also cogitated upon how to put the worms back into the already opened can. What … Continue reading →

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On Price Distortions and Landmines

Posted on March 19, 2013 by MN Gordon

Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that the Dow’s new highs and 10-day run were not the result of “irrational exuberance.”  On cue, the Dow took a 25 point nose dive…closing out the day with its … Continue reading →

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