Friday, July 1, 2011

Greenspan gets one right.

We’re no fan of Greenspan, but he sure got this one spot on in an interview yesterday. Re QE I and II, he says, "I am ill-aware of anything that really worked."

Correct. Obama’s "stimulus" and Bernanke’s money flood were both failures. We are not commenting from the cheap seats. We predicted exactly that, and for both. Others have come to understand.

So how to fix things? Throw the anointed, the planners in the clink and throw away the key.
 

Robert Craven

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