{"id":198197,"date":"2007-12-03T20:07:00","date_gmt":"2007-12-04T01:07:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/03\/people-are-starting-to-get-it-about-alan-bubbles-greenspan\/"},"modified":"2007-12-03T20:07:00","modified_gmt":"2007-12-04T01:07:00","slug":"people-are-starting-to-get-it-about-alan-bubbles-greenspan","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/03\/people-are-starting-to-get-it-about-alan-bubbles-greenspan\/","title":{"rendered":"People are Starting to Get It About Alan &#8220;Bubbles&#8221; Greenspan"},"content":{"rendered":"<p>Patrick Artus, chief economist of Natixis SA and one of France&#8217;s most listened-to pundits says that <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&amp;sid=a.n.BheticNQ\">&#8220;very bad&#8221; Fed chairman<\/a>.  A quote from his interview:<\/p>\n<blockquote><p>Artus: Yes. Greenspan was an arsonist and a fireman combined. He derived all his glory from his reaction to the savings-and- loans crisis, to the collapse of Long-Term Capital Management LP, and to Sept. 11, 2001. But LTCM and the savings-and-loans crisis were his doing. He absolutely failed to see where the malfunctions in the U.S. economy were.<\/p>\n<p>Greenspan came up with a phrase, &#8220;irrational exuberance,&#8221; in 1997, but he didn&#8217;t do anything about it. <\/p><\/blockquote>\n<p>According to the article, Stiglitz is similarly down on Greenspan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Patrick Artus, chief economist of Natixis SA and one of France&#8217;s most listened-to pundits says that &#8220;very bad&#8221; Fed chairman. A quote from his interview: Artus: Yes. Greenspan was an arsonist and a fireman combined. He derived all his glory from his reaction to the savings-and- loans crisis, to the collapse of Long-Term Capital Management &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973],"tags":[],"class_list":["post-198197","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198197"}],"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=198197"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}