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Greenspan’s Role In The Housing Bubble

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http://www.dissidentvoice.org/Aug05/Whitney0817.htm

Greenspan’s Role in the Housing Bubble

by Mike Whitney

  It’s strange that Alan Greenspan hasn’t been blamed for the housing bubble. After all, he set the “easy money” policies that put the whole thing in motion and he’s the one who should be held responsible when it goes up in smoke.

Let me explain.

Most people expect the Federal Reserve to lower rates when business is flagging to stimulate the economy by making loans more available for commerce, home buying, recreational spending etc. But, just as higher rates can stop the economy in its tracks by making money too expensive to borrow, so too, lower rates can have equally adverse consequences.

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Obviously doesn't read this board then and many others on the web.

Greenspan will go down in history as the man who played the biggest part in the dismantling of the productive parts of the US economy and impoverished future generations.

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Obviously doesn't read this board then and many others on the web.

From the link:

The lesson of the housing bubble is simple: whenever monetary policy is put into the hands of privately owned institutions like the Federal Reserve, those policies will invariably reflect the narrow interests of the men who own them and the members of their class.

That’s why Thomas Jefferson warned, “Banking institutions are more dangerous than standing armies.”

I thought the article hit the nail on the head!

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From the link:

I thought the article hit the nail on the head!

It was a response to this bit:

It’s strange that Alan Greenspan hasn’t been blamed for the housing bubble. After all, he set the “easy money” policies that put the whole thing in motion and he’s the one who should be held responsible when it goes up in smoke.

Outside of the mainstream press a LOT more has been questioned about the activities of the last few years.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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