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_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
