Greenspan Speaks for Free Trade

[Lisa & Ian Murray]

Yep, he's a concept addict. Even more insidious his dubious love of
"dematerialization" which he indirectly cites in his speech:

http://www.federalreserve.gov/boarddocs/speeches/2000/20001114.htm

"The output of our workers also differs. While ore-laden ships still cross
the Great Lakes, quite often goods of far higher value are packed in the
hold of a single cargo jet bound for a more distant location. Simply put,
the advent of the microchip has allowed producers to increase the value of
output while shrinking the physical volume it takes up."

Nothing about the externalities created by the plants making computers, nor
auto plants blah blah blah. He's happy to talk about positive spillovers but
not negative ones. Ever notice the words ecology and democracy never show up
in his speeches?

As Max S. pointed out earlier, there's a series on AG running in the
Washington Post:

http://washingtonpost.com/wp-dyn/articles/A18561-2000Nov14.html

Ian