Headline of the Day: Greenspan Says Government ‘Activism’ Hampering U.S. Recovery

March 4, 2011 7:00am by Barry Ritholtz

What a schmuck: The worst central banker in the history of planet earth has a something new to say: U.S. government “activism” — fiscal stimulus, housing subsidies and new regulations — is holding back the economic recovery.

No word on how his central bank activism — ultra-low rates, radical deregulation, and nonfeasance of his regulatory obligations — helped cause the crisis.

Its not that he is a jackass who helped bring the world to the abyss of economic collapse due to his radical ideology — its that he is hellbent on causing the next economic collapse with the same radical ideology. This despite his zombie philosophy being proven so terribly terribly wrong.

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Greenspan is on CNBC Squawk Box right now

Source:
Greenspan Says Government ‘Activism’ Hampering U.S. Recovery
Scott Lanman
Bloomberg, March 3 2011
http://noir.bloomberg.com/apps/news?pid=20601010&sid=aOWWyVcfnhtE

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