早上好~~~~~~
TIME2 2:36 The evaluation to Greenspan, former chairman of FR How people judge him long time after his tenure? On the surface, his job is remarkable because he not only reduce the inflation but also let America enjoy the two longest expansion. However,his record is less impressive on closer inspection because the fast increasing economy is due to the structural factors and faster population growth TIME3 2:30 The slight volatility in economy is attributed to smaller economy and maybe ten percent of the monetary policy The growth of economy came at long term cost--excessive monetary growth. Also American experienced the biggest stockmarket and housing bubbles. It is too early to applaud him TIME4 2:07 Author question his action about the housing and stockmarket bubble.But G has his explanation why he did that at that time TIME5 2:39 Author refuse G’s explanation in turn TIME6 2:21 G should tell the housing bubble from rapid growth in money and credit and he should also tight the monetary policy TIME7 7:22
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发表于 2013-9-14 08:19:53
