{"id":196230,"date":"2008-05-14T23:00:00","date_gmt":"2008-05-15T04:00:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/14\/federal-reserve-repudiates-alan-bubbles-greenspan\/"},"modified":"2008-05-14T23:00:00","modified_gmt":"2008-05-15T04:00:00","slug":"federal-reserve-repudiates-alan-bubbles-greenspan","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/14\/federal-reserve-repudiates-alan-bubbles-greenspan\/","title":{"rendered":"Federal Reserve Repudiates Alan &#8220;Bubbles&#8221; Greenspan"},"content":{"rendered":"<p>The Fed has decided that it will <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/87c1d002-213e-11dd-a0e6-000077b07658.html?nclick_check=1\">begin to examine ways of dealing with asset bubbles<\/a>.<\/p>\n<p>This contradicts with Alan &#8220;Bubbles&#8221; Greenspan&#8217;s dictum that, &#8220;it was in practice impossible to identify bubbles before they burst, and attempts to prick them by raising rates were likely to do more harm than good.&#8221;<\/p>\n<p>Another <span style=\"font-weight: bold;\">well deserved <\/span>nail in the coffin of Ayn Rand&#8217;s buddy&#8217;s reputation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fed has decided that it will begin to examine ways of dealing with asset bubbles. This contradicts with Alan &#8220;Bubbles&#8221; Greenspan&#8217;s dictum that, &#8220;it was in practice impossible to identify bubbles before they burst, and attempts to prick them by raising rates were likely to do more harm than good.&#8221; Another well deserved nail &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1200,1003],"tags":[],"class_list":["post-196230","post","type-post","status-publish","format-standard","hentry","category-economy","category-inflation","category-philosophy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196230"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196230"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196230\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}