On Mar 6, 2009, at 2:39 PM, Max Sawicky wrote:

ccording to Alan Blinder and Ricardo Reis (2005), Alan Greenspan has
a rightful claim to be “the greatest central banker who ever lived.”
Indeed, by most accounts, monetary policy worked remarkably well under
his leadership.

-- Greg Mankiw, "The Macroeconomist as Scientist and Engineer"

<http://www.federalreserve.gov/boarddocs/speeches/2004/200405062/default.htm >

"But a destabilizing contraction in nationwide house prices does not seem the most probable outcome. Indeed, nominal house prices in the aggregate have rarely fallen and certainly not by very much."

  - Alan Greenspan, May 6, 2004_______________________________________________
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