The Stock Market As Monetary Policy Junkie – Evergreen GavekalGuest Post
The Stock Market As Monetary Policy Junkie by Evergreen Gavekal
CHAIRMAN WAXMAN: “You found a flaw?”
MR. GREENSPAN: “I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.”
CHAIRMAN WAXMAN: “In other words, you found that your view of the world, your ideology, was not right, it was not working.”
MR. GREENSPAN: “Precisely. That’s precisely the reason I . . .
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