Alan Greenspan is unskilled; you don't take the unskilled seriously.
Chairman Greenspan is, of course, a master.
Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy.
The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.
And by the way, I would not only reappoint Greenspan; if Greenspan would happen to die, God forbid, I would do like they did in the movie 'Weekend at Bernie's.' I would prop him up and put a pair of dark glasses on him.
Greenspan tells us what to do. Someone should take him out and hang him.
Alan Greenspan is going to go down in history as one of the worst Federal Reserve chairmen ever.
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.
