Wednesday, October 10, 2007

Alan Greenspan recently released his new book, 'The Age of Turbulence'. The book has generated a ton of media attention spawning primarily from statements that the Iraq war is about oil and of course, his near two decade reign as the Federal Reserve Chairman.

An astute student of the late Ayn Rand, Greenspan is almost a walking economic agent who is a modern day rock star for capitalists. The minute he speaks on fiscal policy even to this day, markets move. Incredible but a little strange. As the dollar continues to drop it will be interesting to see how much of the blame is pushed back on Greenspan for his historically long decrease in interest rates just a few years back.

Here is the Charlie Rose interview with him. If you're into economics, Ayn Rand, or just interested in where he thinks the economy is going in the next 5-10 years then it's worth a watch.

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