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<a href="http://www.accessmylibrary.com/coms2/summary_0286-23634749_ITM" title="Facts and information about Deflating the deflation myth: Fed chief Alan Greenspan is claiming that the specter of deflation is upon us. The truth, however, is that Fed-created inflation, not deflation, is threatening American prosperity. (Economics).">Deflating the deflation myth: Fed chief Alan Greenspan is claiming that the specter of deflation is upon us. The truth, however, is that Fed-created inflation, not deflation, is threatening American prosperity. (Economics).</a>
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Deflating the deflation myth: Fed chief Alan Greenspan is claiming that the specter of deflation is upon us. The truth, however, is that Fed-created inflation, not deflation, is threatening American prosperity. (Economics).
Alan Greenspan is spinning us a new tale of monetary deception. His old tale, in which he cast himself as a financial wizard saving us from the ravages of inflation, has suddenly taken a bizarre twist. No longer are we to tremble at the thought of inflation; Greenspan is now terribly worried we don't have enough of it!
Seemingly having taken root as head of the Federal Reserve, for umpteen years Greenspan has pictured himself as hunkered down over the Consumer Price Index ferreting Out the merest whiff of prices being driven up by -- who else but businessmen? This picture of Greenspan as an inflation hawk has been hugely successful with the public, taught by ...
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