What Alan Greenspan Has Learned Since 2008
Harvard Business Review
JANUARY 7, 2014
It’s true of GDP. In this view, the “soft landing” engineered by the Fed in 1994-1995, hailed at the time as a masterpiece of monetary policy-making, may have actually set the stage for the wild times that ensued. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002.
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