A time for leaders, not dissemblers. (Editorial).

Investment News, September, 2002

More than one thing is being deflated along with the technology stock bubble. In addition to the 401(k) retirement accounts of countless Americans, the reputations and careers of a growing number of Wall Street figures and corporate executives have been flattened by the stock bust. Now add to the list Federal Reserve Board Chairman Alan Greenspan.

With every speech he gives in the post-bubble era, Mr. Greenspan provides growing evidence that he is less an economic mastermind and more just another dissembling bureaucrat whose only desire is to cling to power. The most recent episode was his widely quoted speech in Jackson Hole, Wyo., site of the central bank's economic conference earlier this month. Mr. Greenspan chose the occasion to argue...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.