greenspan

Is this mere coincidence? Treasury Secretary Henry Paulson says he’s considering using funds from the $700 billion rescue package to help homeowners avoid foreclosures. Paulson made the remarks at a news conference on Monday. He didn’t go into any other details.
Calculated Risk notes that also on Monday, the markets nosedived, with the Dow alone dropping [...]

Volcker is celebrated as the Federal Reserve chairman who broke the plague of global inflation in the early 1980s. But he did it be engineering a violent crackdown on excess credit. Why a ‘Burkean’ conservative can support this Democratic nominee.

In a congressional hearing today, former Federal Reserve Chairman Alan Greenspan admitted that his flawed economic philosophy contributed to the financial crisis.
The New York Times took perhaps the strongest line against Greenspan, running the headline “Greenspan Concedes Error on Regulation” and pointing to a “serious flaw in his own philosophy” that free markets can be [...]