Alan Greenspan, architect of the modern American economy, dies aged 100
Former US Federal Reserve chair Alan Greenspan has died aged 100, his wife has said.
NBC News correspondent Andrea Mitchell said in a statement reported by her employer that her husband had died from complications of Parkinson's Disease.
Mitchell's statement said Greenspan was "a giant of a man who helped shape the US economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes".
https://www.bbc.com/news/articles/cjer7x7yl12oOpen linkView original on piefed.world
Rot in piss.
His mistakes were monstrously huge of course. He firmly believed that free-markets would regulate themselves and pushed to decrease regulations. His naivety screwed over millions of people and sunk the countryinto a global recession. Even worse he presided over massive increase of wealth inequality that we have never recovered from.
https://www.nbcnews.com/id/wbna27335454
Not that it matters, because the effect is the same, but I wonder if he really did believe that stuff or if he did it knowing that it would facilitate a wealth transfer to the ultra-wealthy.
He was a true believer, no doubt about it. A cultist of the highest order, same as the entire Chicago school of economics. It makes it worse somehow.
And he was allowed to live to see 100. An unconscionable injustice.
Supply side economics. Basically trust rich people. He had to know it was folly.
May it trickle down on him endlessly in the afterlife.
Aww, another couple of years and he could've witnessed its' collapse. /s
I planted an entire field of fucks this year and I’m already out of them! Oh well!
Ah the humble life of the fuck farmer.
Don’t you fret bout me, I got my guberment subsidies so you’ll never see me on welfare!
Long live grabbed bootstraps!! 🫡
Where I come from, son, we ranch fucks, we don't farm 'em.
They're much better free-range.
Rot in hell.
All Ayn Rand disciples can rot in hell.
It’s Alan’s plantation. We’re just slaving on it.
I ain't gonna work on Alan's farm no more.