[lbo-talk] Re:greenspan's money

Jim Devine jdevine03 at gmail.com
Fri Jul 29 13:37:30 PDT 2005


FWIW, if he held anything else, people might complain about a conflict of interests.


> >" Apparently [Greenspan] keeps it all in Treasuries and money market accounts.
> >No irrational exuberance for him, ever."

-- Jim Devine "Imagine believing in the control of inflation by curbing the money supply! That is like deciding to stop your dog fouling the sidewalk by plugging up its rear end. It is highly unlikely to succeed, but if it does it kills the hound." -- Michael D. Stephens.



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