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Greenspan Is Critical Of Bush in Memoir
 As long as he stays in his field, the parts of this article that I managed to read made sense. I wonder if he buys into the concept of the Dollar Hegemony. I don't know exactly what it is, but it seems like if the US spreads its debt out across the world, then the entire world has a stake in keeping the dollar in the proper shape. Am I wrong? Greenspan seems to dislike lots of debt.Alan Greenspan, who served as Federal Reserve chairman for 18 years and was the leading Republican economist for the past three decades, levels unusually harsh criticism at President Bush and the Republican Party in his new book, arguing that Bush abandoned the central conservative principle of fiscal restraint. While condemning Democrats, too, for rampant federal spending, he offers Bill Clinton an exemption. The former president emerges as the political hero of "The Age of Turbulence: Adventures in a New World," Greenspan's 531-page memoir, which is being published Monday. Posted by: gorb 2007-09-16 |
| http://www.rantburg.com/poparticle.php?ID=199111 |