Alan Greenspan on Income Inequality

Alan Greenspan on Income Inequality, as part of his discussion on his recently published book, "The Age of Turbulence."

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News & Politics

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• Alan
• Greenspan
• Income
• Inequality

[Kapan60]

Wait...Alan Greenspan's academic tower?

All he did his print money out of thin air to reduce interest rates and give them to the banks.

If I had the ability to counterfiet money like that, I'm sure I could be rich too.

[jaymoore299]

He started from scratch and became filthy rich all while destroying the economy. You're really impressed by this?

[northerntropics]

Blames technology for inequality and forgets what he did to kill any regulation that would limit the abuses of capital. Here we have a bunch of banksters printing money by the trillions (around 800 trillion) with the US middle class as a guarantor for the bets they make in the market ... and his response is : "we need cheap imported labor". Fk the problem is not labor, is the casino hedge funds betting on 800 trillion of any conceivable bet.

[northerntropics]

He is there to promote a book that he probably did not write, for which he probably will receive several million dollars on laundered money from the corporations that he allowed to enrich themselves at the cost of the middle class. On top of that he wants to promote the idea to artificially keep wages down to bring even more profits to the lords of capital. He will soon ask himself where did all that hate against Jewish banksters like him came from and blame it on antisemitism.

[blueberriesandbanana]

When he mentions capitalism and competition he starts stuttering because he is trying to conceal his real feeling that some people are just fundamentally smarter and more worthy of success than others, though he tries to cover his elitism by quoting other people and changing the subject.

[Seedofwinter]

The only thing as average us average folk ask for is the ability get checked out in the doctor without burying ourselves in debt, the ability to be able to afford food and heating, and the ability to work for a decent wage. And that decent wage isn't a million dollars a year.

We also don't like our jobs being threatened by underlining problems in the system, such as stock bubbles and unregulated banks. We would like the system to be reformed so such things DO NOT happen.

[pjfs80]

This sounds a bit rubbish. This idea that the best man wins.... mmmm, no. The cheaper prices win, then a monopoly spawns from this and then people are exploited. I'm sorry but I think that he sounds out of touch with the real world. Shame. He sounds like he still can't accept mistakes he made.

[dynomike1964]

He blames the kids and the workers . He is a whore's whore.

[mow1717]

gop hero.you get what you paid off for.

[ziadrizkmusic]

Mr Greenspan says that based on research, there is no relation between income and happiness. But research has shown this to be true only above a certain minimum level of income where all basic needs are met (I think around 50 or 60k avg annual income in US.) Below that, research found a connection between income and happiness, poverty and a general state of well being. A significant proportion of the US population is now living close to poverty. It is a delusion to ignore or dismiss this.

[piezoelectron]

if he weren't there, i don't know what consequences 9/11 would have had.