Alan Greenspan, economist and longtime head of the Federal Reserve, dies at 100

[bucolic_frolic]

1. In a recent interview given in Scotland

Jeremy Grantham said something the effect Greenspan was a failed investment advisor who got kicked upstairs by a Republican president and enable debt expansion that took hold and we're still dealing with the consequences.

Funny how Republicans hated debt unless Greenspan was creating it. He spawned this whole cycle of tax cuts for the rich with expansion of the money supply. He salved the Dot Com Bubble Burst, and the Housing Bubble, and pointed Bernanke down the path to QE 1-2-3, Operation Twist, The Plunge Protection Team. What'd we get out of all this largesse? Debt, income inequality, a ruptured social safety net, health care no working person can afford.

Good riddance.