MikeH

Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'

At last, somebody who recognizes what an incompetent this guy was and how venal he has become; and, by extension, the Fed as an institution; and, by extension, all government solutions to economic problems. As your chart shows, government tries to steer the oil tanker economy like it was a speed boat and ends up being 180 degrees out of phase.