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Tag: Alan Greenspan


AP

It Wasn’t David Stockman Who Wrecked the Economy

For all of the strident attacks on Stockman’s column, I have yet to read a serious critique of his most brazen claim.

Posted on Apr 2, 2013 READ MORE



daveeza (CC BY-SA 2.0)

Alan Greenspan, Mr. ‘Fix the Debt’

The man who missed the $8 trillion housing bubble that was generating more than $1 trillion in wealth per year—and the collapse of which led to the current demand crisis that is strangulating the economy—was present at the formation of the corporate-backed Campaign to Fix the Debt.

Posted on Dec 29, 2012 READ MORE



Democracy Now!

Truthdigger of the Week: Dean Baker

“We all misjudged the risks involved,” former Federal Reserve Chairman Alan Greenspan said in March 2010 of the housing bubble that led to the financial crisis. He forgot about economist Dean Baker.

Posted on Dec 15, 2012 READ MORE



Image from "Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures"

Understanding Economics in Plain English

Fedspeak, vague and convoluted answers to economic questions, was popularized by Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006. It allowed him to essentially say “no comment” without admitting that he was avoiding questions.

Posted on Dec 14, 2012 READ MORE



Gage Skidmore (CC BY-SA 2.0)

A Hard Look at Paul Ryan

The New Yorker has published an insightful, if unsurprising, profile of Wisconsin Rep. Paul Ryan, detailing how the young lawmaker became a champion of today’s form of arch-libertarianism and how he’s worked to push that ideology into the mainstream of the Republican Party.

Posted on Aug 9, 2012 READ MORE



Mike Licht, NotionsCapital.com (CC BY 2.0)

Update: 25 People at the Heart of the Meltdown

At the height of the financial crisis, The Guardian identified 25 bankers, economists, politicians and financial officials who helped bring about the worst economic crisis since the Great Depression. What are they up to now?

Posted on Aug 7, 2012 READ MORE



Center for American Progress (CC-BY-ND)

Financial Crisis Panel Names Names

Chairman Phil Angelides and the five other Democrats on the 10-person Financial Crisis Inquiry Commission have released their devastating report, which assigns blame for the economic meltdown. They pointed at Treasury Secretary Timothy Geithner (above), among others.

Posted on Jan 27, 2011 READ MORE


Greenspan
AP / J. Scott Applewhite

Greenspan Defends the Fed to Meltdown Commission

Former Fed chief Alan Greenspan faced the proverbial firing squad, or in this case the congressionally appointed Financial Crisis Inquiry Commission, to answer questions Wednesday about his leadership choices at the Fed with regard to some key factors that triggered the financial implosion in 2008.

Posted on Apr 7, 2010 READ MORE



Robert Reich Edition

What Noam Chomsky has to say about globalization, why older is wiser, and proof that at least two of the three bozos who most wrecked the economy still don’t get it.

Posted on Apr 6, 2010 READ MORE


Krugman
Wikimedia Commons / Prolineserver

Oh, the Naiveté, Mr. Krugman

Here we have one of those columns that might have initially been missed (even by those of us who blog fastidiously about such things) that bears repeating, or re-posting, as the case may be: We submit, for your consideration, Paul Krugman’s latest column. That is all.

Posted on Dec 14, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Econorama

For the holiday weekend, the “Left, Right & Center” squad takes a good, hard look at the state of the economy: How did we get here? Who’s to blame? Can it be fixed? Argument, and even entertainment, ensues as Robert Scheer, Arianna Huffington, Matt Miller and Tony Blankley do their best to make sense of it all.

Posted on Jul 3, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Greenspan’s Glitch, Palin’s Duds

So Alan Greenspan isn’t clairvoyant, as it turns out. Whoops! Neither, apparently, are Sarah Palin’s handlers, or else they might have done some bargain shopping instead of landing their leading lady in a heap of trouble over her pricey threads.

Posted on Oct 26, 2008 READ MORE


Obama and the economists
AP photo / Chris Carlson

The Battle for Obama’s Economic Soul

Instead of running with the “European socialist” crowd, as John McCain has claimed, Barack Obama has turned to the same American “free market” elite that views government as merely a corporate subsidiary. Even within that group, however, there are serious splits, and the more enlightened side seems to be winning.

Posted on Oct 21, 2008 READ MORE


McCain Adviser on Economy: ‘Things Today Just Aren’t That Bad’

On Sunday, The Washington Post ran an Op-Ed piece written by McCain campaign adviser Donald Luskin in which he argues that, despite “trouble spots in the economy,” recent comparisons between the present moment and the Great Depression are the product of “pessimists” and “politics.” Over to you, Alan Greenspan.

Posted on Sep 14, 2008 READ MORE


Greenspan
broadcatching.wordpress.com

Greenspan Talks Recession as Oil Prices Soar

Seems like everything is a crisis these days, what with the subprime mortgage crisis, the oil crisis and, perhaps most troubling of all, the climate change crisis. Former Federal Reserve Chairman Alan Greenspan acknowledged the complexity and interconnectedness of these unsettling trends Tuesday, stopping short of declaring that a major recession is on the way but without ruling out a recession of lesser magnitude.

Posted on Jun 24, 2008 READ MORE


Greenspan
France 24

Greenspan: Dark Days Ahead for the Global Economy

Those hoping for better news about the state of the U.S. economy—not to mention the bigger picture—aren’t going to hear it from former Fed chair Alan Greenspan anytime soon, judging by his ominous forecast released Monday.

Posted on Mar 17, 2008 READ MORE


greenspan
The Economist

Greenspan Forecasts Recession

Alan Greenspan used his powers of economic foresight Monday to caution Americans about a possible upcoming recession.  While the former Fed chairman stressed that he can’t accurately predict changes far in advance, Greenspan speculated that we may see a dip in the economy within the year.

Posted on Feb 26, 2007 READ MORE


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