GreenSpan Brothel: Market Collapsed Due To Greenspan's Libertarian Ideology Keynesianism Confidence
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Before along time ago yes, Greenspan once believed in free market capitalism... but as the Fed Chair he was following Keynesian SociaLism
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Greenspan was a Keynesian economist.
I like to refer to him as a weak, fair weather Charlie that
did everything contrary to his beliefs of years before his tenure and
later rebutted his own policies.
This video is deliberate Libertarian slander in the exact opposite direction of the truth. Good luck with that Karma of yours.
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WTF?
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Greenspan? Libertarian? Ha that's the best one i've heard in a long time...oh wait you was being serious? did you mean to say neocon?
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The crisis is primarily about the bundling of subprime mortgages and selling them as securities to financial institutions around the world. Any idiot should have known the housing bubble would burst. What surprised them was the speed, which was brought on by high gasoline prices, which was caused by Bush's huge government debt and the subsequent devaluation of the dollar.
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The fact is that the housing problems were from a LACK of holding people responsible for making good loans and paying them. Since libertarianism advocates personal responsibility in the strongest manner possible, to blame this mess of Greenspan on libertarianism is just foolish. If anything, the hyper-liquid credit problem was ANTI-libertarian!
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Classic case of egomaniacs believing that they could create a perpetual money machine. I'll never forget the total arrogance of the Wall Streeters in the late 90's. Fools.
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Greenspan was Keynesian wasn't he?
Libertarian is far from what Greenspan did during his time. Please study how people walk the walk and forget the talk.
He was head of the Fed for a start. Doesn't look very libertarian to me!
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Thank you!
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Greenspan was about as 'libertarian' as Mussolini.
LiberalVichy 2 years ago 6
How can anyone claim that we have a free market without free currency?
Dubeyest 3 years ago 4