Our Awful Situation

Archive for the ‘History’ Category

Greenspan: no regrets

Posted by patriot on April 9th, 2008

Alan Greenspan says that he doesn’t regret a single decision, and that he’s being unjustly blamed for things he didn’t do. Um, ok…

For much of his 18 years atop the world’s most-influential economic institution, Greenspan was lionized for the economy’s performance. Now, he notes, he’s being second-guessed for it.

“I was praised for things I didn’t do,” Greenspan said during one of three interviews at his sun-drenched office in downtown Washington. “I am now being blamed for things that I didn’t do.”
…
Greenspan says he doesn’t regret a single decision. The criticisms that get under his skin are those from friends and former colleagues, many of them respected economists who backed his policies at the time but now say, in hindsight, that the calls were wrong. “I do take it seriously if my peers think I have misstated the facts,” he says. “But where’s the evidence? Too many people make accusations by assertion. I think it’s improper.”