Phillips on bubbles and Greenspan

Doug Henwood dhenwood at
Sun Jan 16 14:01:22 PST 2000

Marta Russell wrote:

>Sunday, January 16, 2000
>Kevin Phillips
>Headed for a Fall?
> The new paradigm assets these are economic times unlike any
> other. But the similarities to the '20s are unsettling. And
>don't count
> on Greenspan to save us.

Problem is that Phillips was saying pretty much exactly the same thing in the 1980s, down to lists of 1920s/1980s parallels. I fell for it at the time. Once bitten, twice...?


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