As my recent calculation showed this class gained somewhere in the region of $7 trillion in wealth during his tenure. No wonder their paid poodles (oops, I meant pundits) praise him.
The fallout will follow. Policies not Politics ---- Daily Landscape
Greenspan continues to support a gold standard and advocate laissez-faire capitalism. [3] [4] His support for a gold standard is somewhat of an irony given the Federal Reserve's role in America's fiat money. He has come under heavy criticism from Objectivist philosophers, most notably Leonard Peikoff and Harry Binswanger, as they believe that working for the Federal Reserve is an abandonment of Objectivist and free market principles. Increasingly, however, some Objectivists have come to believe that, within the context of the principle of non-contradiction, that Greenspan has not abandoned these principles. These Objectivists believe that he has deliberately geared his policies toward undermining the Federal Reserve system by giving successive administrations a pool of ever-increasing public debt, which will ultimately cause a collapse of the Federal Reserve system, which in turn will clear the path to a return to a gold standard. This scenario has many parallels to Ayn Rand's 1957 novel, Atlas Shrugged, in which the American economy is laid waste by, among other events, the deliberate sabotage of the copper industry by Francisco D'Anconia. It is often cited that Ayn Rand remains Greenspan's favorite author
Increasingly, however, some Objectivists have come to believe that, within the context of the principle of non-contradiction, that Greenspan has not abandoned these principles. These Objectivists believe that he has deliberately geared his policies toward undermining the Federal Reserve system by giving successive administrations a pool of ever-increasing public debt, which will ultimately cause a collapse of the Federal Reserve system, which in turn will clear the path to a return to a gold standard. This scenario has many parallels to Ayn Rand's 1957 novel, Atlas Shrugged, in which the American economy is laid waste by, among other events, the deliberate sabotage of the copper industry by Francisco D'Anconia. It is often cited that Ayn Rand remains Greenspan's favorite author
By the way, I can't believe the Wikipedia article does only discusses Greenspan from an objectivist perspective. A large chunk of the "liberalism" and "anarchism" sections of Wikipedia has been hijacked by anarcho-capitalists, unfortunately. guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
