What Alan Greenspan Has Learned Since 2008
Harvard Business Review
JANUARY 7, 2014
It’s true of GDP. It’s clear that he thinks he’s gotten both too much credit and too much blame, but he has also developed an interesting theory – that good central bank performance actually breeds bubbles and crashes. The dot-com boom when it collapsed, you can’t find it in the GDP figures in 2001, 2002.
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