Keyword: Greenspan's Flawed Economic Policies

Alan Greenspan's Tragic Comedy of Errors Email Print

Alan Greenspan has been on "60 Minutes" to peddle his memoirs "The Age of Turbulence:  Adventures in a New World."

The most astonishing aspect of Greenspan's interview with Leslie Stahl was his wonderful view of his two decades acting as Chairman of the Federal Reserve.

When the high tech stocks skyrocketed and then collapsed, bringing about tremendous losses about the time George W. Bush became the White House resident, what was Greenspan's response.  

First, he reminded everyone that when the buyers of the high tech stocks were acting like sheep, following everyone else, he had made a suggestion that it would be wise to check out the profits of any corporation they were buying stock in and not just the prevailing stock market price.

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