Opinion from a Libertarian ViewPoint

Posts Tagged ‘Capitalism in America’ The Man Who Spent the Prime of His Life Manipulating the US Capitalist Economy for the Benefit of Banksters Has Written a Book About Capitalism

Posted by M. C. on October 22, 2018

By Robert Wenzel

The year 2018 may go down as the year of chutzpah.

There is, of course, this year, Crown Prince Muhammed bin Salman investigating the murder of Jamal Khashoggi which he ordered, but even more remarkable on the chutzpah scale is Alan Greenspan writing a history of capitalism.

Greenspan spent the prime of his professional career as Federal Reserve chairman manipulating the United States capitalist economy for the benefit of Wall Street banksters.

Specifically, Greenspan headed the Federal Reserve from 1987 to 2006. His gift to the American people during this period? Three recessions. (Technically, Greenspan was out of the Fed when the 2008 recession hit, but make no mistake, it was his mad money printing that created the housing-led 2008 financial crisis that landed like bird shit on the head of  his successor, Ben Bernanke.)

“Greenspan recessions”-shaded gray areas
Click on chart for larger view.

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