September 29, 2007
Alan Greenspan Admits the Federal Reserve's Dirty Little Lie
Here is an interview of Alan Greenspan on the Daily Show:
Paul Kedrosky also noticed this Alan Greenspan quote:
``The presumption that we were fully independent and have full discretion was false,'' Greenspan said in an interview published by the newspaper on Sept. 16. Raising rates faster and sooner would not have been acceptable ``to the political establishment,'' Greenspan said.Posted at September 29, 2007 2:54 AM
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