newtothegame
03-04-2011, 10:52 PM
Government Alan Greenspan Says Too Much Government Is Preventing Economic Recovery
Posted on March 4, 2011 at 10:15am
One of the greatest financial minds of our time says that too much government is standing in the way of economic recovery, the story was posted on Bloomberg.com (http://www.bloomberg.com/news/2011-03-03/greenspan-says-surge-in-government-activism-is-hampering-u-s-recovery.html):
Former Federal Reserve Chairman Alan Greenspan (http://topics.bloomberg.com/alan-greenspan/) said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.
The former Fed Chairman added:
“Much intervention turns out to hobble markets rather than enhancing them. Any withdrawal of action to allow the economy to heal could restore some, or much, of the dynamic of the pre-crisis decade, without its imbalances.”
Americans appear to be craving what the former chairman is talking about. According to a recent NBC News/WSJ (http://online.wsj.com/article/SB10001424052748704728004576176741120691736.html) poll, the people want government priorities focused on jobs and spending.http://www.theblaze.com/stories/alan-greenspan-says-too-much-government-is-preventing-economic-recovery/
Posted on March 4, 2011 at 10:15am
One of the greatest financial minds of our time says that too much government is standing in the way of economic recovery, the story was posted on Bloomberg.com (http://www.bloomberg.com/news/2011-03-03/greenspan-says-surge-in-government-activism-is-hampering-u-s-recovery.html):
Former Federal Reserve Chairman Alan Greenspan (http://topics.bloomberg.com/alan-greenspan/) said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.
The former Fed Chairman added:
“Much intervention turns out to hobble markets rather than enhancing them. Any withdrawal of action to allow the economy to heal could restore some, or much, of the dynamic of the pre-crisis decade, without its imbalances.”
Americans appear to be craving what the former chairman is talking about. According to a recent NBC News/WSJ (http://online.wsj.com/article/SB10001424052748704728004576176741120691736.html) poll, the people want government priorities focused on jobs and spending.http://www.theblaze.com/stories/alan-greenspan-says-too-much-government-is-preventing-economic-recovery/