Alan Greenspan: Social Security Expert?
Courtesy of the Associated Press:
Martin Crutsinger, AP Economics Writer Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to take a go-slow approach in setting up the private Social Security accounts favored by President Bush.
Am I the only one who thinks Greenspan's got his fingers in other people's pies? He's Chairman of the Fed, not Grand Poobah of all things even remotely financial. It's his job to keep inflation under control, not relentlessly tweak the economy. Has he already forgotten what those six consecutive interest rate hikes did?
Unless he stayed at a Holiday Inn Express last night, he should stick with monetary policy. He's not the only one with suggestions, though: Tom Maguire has an idea for Dubya, too.
» February 17th, 2005
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