Economy Wrecker Alan Greenspan Was Central to the Formation of the Campaign to Fix the Debt


Truth Out has the opinion piece Economy Wrecker Alan Greenspan Was Central to the Formation of the Campaign to Fix the Debt.

Lest you forget who Alan Greenspan was or what he did, there is this introductory paragraph:

Alan Greenspan will go down in history as the person who has done more damage to the U.S. economy and society that anyone who was not a foreign enemy. In fact the destruction he wreaked through his incompetence would also exceed the damage caused by almost all would-be enemies as well.

Regarding the headline of the article author Dean Baker comments

“The Campaign to Fix the Debt started to come together at a salon dinner held in the backyard of Senator Mark Warner, Democrat of Virginia, in the fall of 2011. …

And who was at this meeting?  None other than Alan Greenspan:

The person most responsible for wrecking the economy — and incidentally adding trillions of dollars to the debt — was there at the founding of the Campaign to Fix the Debt.

Unless Alan Greenspan can give you an in depth explanation of his mistakes of the past, I can see no reason to listen to his advice for the future.  Unless he can convince us he has learned a lot from his past mistakes, it may be safest to assume he has learned nothing.

 

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