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Reply #12: Your position is NAIVE! [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
BillZBubb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-08-05 05:19 PM
Response to Reply #11
12. Your position is NAIVE!
The Fed chairman may OFFICIALLY be only responsible for monetary policy, but his advice on other issues carries HUGE weight.

Since Monetary policy is closely intertwined with Fiscal policy, Trade policy, and job creation, etc. what the Fed chairman says on those issues is often enough to turn the tide of public perception.

Greenspan has been nothing but a pimp for right wing economics. You are totally wrong in your assessment of him and his character.
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