Former Federal Reserve Chairman Alan Greenspan, who was once laudably referred to as the "Maestro" for his supposed astute stewardship of U.S. monetary policy, commented last week on the nation’s current political and economic climate:
"We’re not in a stable equilibrium. I hope we can all find a way out because this too great a country to be undermined, by how should I say it, crazies."Well, if there is anyone who knows how to "undermine" an economy, it is the "Maestro," since it was his "crazed" policies that brought about the 2008 financial crisis which ushered in the Great Recession that continues to this very day.
