Korean Job Discussion Forums

[DCJames]

Destroying the US economy was not enough.

America has the world's largest econony and many countries take their economic cues from the US.

This son of entitlement wants a World depression before he leaves.

[mises]

No. The economic problems are the result of a great many variables but mostly an epic mismanagement of monetary policy at virtually every central bank on earth. We are seeing, as George Soros says, the collapse of a credit 'super bubble'.

[Kuros]

No. But Bush callously depleted the government funds during the boom times which are now required to cope with the recession.

[mises]

...and dramatically increased entitlement liabilities and future medial bills for soldiers.

[Temporary]

[mises]

I strongly disagree with your opinion of Greenspan. He kept rates way to low for way to long. The function of the Fed is not to inflate equity/property bubbles as a means to ward of recession.

[Temporary]

[Join Me]

Yes. Bush was so concerned about his ego and leaving some sort of legacy as a warlord that he not only let the US economy go in the crapper he took the world economy with him. Nice work George.

And for all that will defend him. If any CEO had done as poorly as George, they would have been kicked to the curb long ago. I will never understand why my fellow Americans have put up with his fiscal incompetence and desire to strip us all of our civil liberties. He earned his legacy, but I think he will be surprised. Once his real legacy starts to go to print in the history books I am sure he will age very quickly and his life will come to an end shortly.

[mises]

[Zutronius]

This was a long time coming.

[Temporary]

No he isn't the cause, Moronic American Federal administration is the cause. You can also attribute Mortagage and Bank propaganda to this. Also you have to lay some blame on stupid american public.

He was the Chairmen of the fed from 1987-2006. He left the Fed because of the ever increasing presure from the Federal Governemt to fund a Never ending and costlly war. This is why He left.. He wasn't happy but he made some concessions with the Federal government to raise money for the campaign in Iraq. He knew this would end up as a disaster so he left.

45% less ofcourse.. Funding a war or creating a Monatery policy to aid Stupid fiscal policy is imposible. He kept the USD stable for MANY years prior to the involvment in Afghanistan and Iraq.

Let me remind you that last time US had a major conflict (Vietnam) it led to a colapse off an entire Monetary Idealogy (Gold Standard) Vietnam almost nearly bankcrupted the USA.

Yes he deserves blame for listening and following the American administration. The Fed is supposed to be an independent authority that acts as a check and balance.

Yeah Major Brokerages have as much credibility as Fox or CNN news. May I remind you of Bear Stern, Fanny May, and that Mac (mortagage) company. (Sorry I don't know the spelling, full name)

He succefully dealt with a stock market downturn, and the DotCom bubble. But when it commes to funding a major War campaign, the USA has a VERY bad track record that dates back to the war of independence.

[mises]

I don't think you're going to be able to find many independent economists who will agree with your assessment of the man. A few weeks after his book came out (which I recommend, if for nothing than the history) his reputation tanked. He was charging 70,000$ for 15minutes of advice over a video link prior to his book, and now apparently can't give away his services.

Volker is the most successful chairman to date. Greenspan is perhaps only eclipsed by Bernake in terms of a naked commitment to the printing presses. They are collapsing the dollar.


You're missing a great deal of backstory, I think. Greenspan has to be understood within the context of the Bretton Woods 2 system, and ultimately will be credited with bringing that system to an end.

[Adventurer]

[Temporary]

[Cheonmunka]