Alan Greenspan: Government Intervention Hurt Recovery

Massive stimulus to save the economy is to blame for the lagging recovery, Former Fed Chairman Alan Greenspan said Tuesday. Greenspan argued for less govt intervention to get the recovery rolling and businesses investing in equipment and plants.”What we need to do now is to calm down; let things move by themselves,” he said at a forum at the Council of Foreign Relations. “And indeed of rate of activism has decreased significantly and the ratio of capital flow has inched back up.” – CNNMoney

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