Tuesday, January 03, 2006
Greenspan on air
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

BBC Radio 4 yesterday broadcast a documentary on Alan Greenspan, narrated by former Bank of England deputy governor Howard Davies. The views ranged from those of Gordon Brown, who described Greenspan as the foremost economic policymaker of his generation (or words to that effect), to critics like Stephen Roach of Morgan Stanley, who blamed him for hyping US productivity, among other sins. How will history regard Greenspan? Join the discussion.


re the u.s current account deficit

the chinese and the japanese hold large quantities of u.s paper.
might it not be the case that those who hold american debt may feel that because of the sheer inventiveness of the united states and its history of wealth creation they need not worry?

the united states therefore is almost unique in this respect.

Posted by: richard at January 6, 2006 07:36 AM

japan has a population of 125 million.has it been as inventive as the united states? the united states with a population of 295 million has won far more nobel prizes then is justified by the population differential.
japan is of course the greatest manufacturer in the world.

Posted by: richard at January 6, 2006 02:42 PM

this is old hat but bears repeating.the american consumer is not paying the 'market price ' for gasoline.the price at the pump does not include the heavy military investment the united states is making to keep the oil flowing from the middle east.

Posted by: richard at January 8, 2006 07:35 AM