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Greenspan on the BBC

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  • Greenspan on the BBC

    http://news.bbc.co.uk/1/hi/business/8244600.stm
    Mike

  • #2
    Re: Greenspan on the BBC

    Ha- again with the "I Had Nothing To Do With It". That should be his nickname. "I had Nothing To Do With It" Greenspan......

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    • #3
      Re: Greenspan on the BBC

      Greenspan says in that article: "
      "They [financial crises] are all different, but they have one fundamental source," he said.
      "That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue.
      So here's my proposal for economic prosperity. Every year the biggest corporations are lined up and one of them randomly selected to be "shot" (forced into immediate dissolution.)

      Along with that, here's my proposal for a variant of term limits on politicians. Each time they run for re-election, the percentage of votes they must get to remain in office goes up.
      Most folks are good; a few aren't.

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