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August 30, 2005
The greatest central banker who ever lived...
Alan Greenspan is God. Two Princeton economists - Ricardo Reis and Alan Blinder (former vice chairman of the Federal Reserve) are calling Greenspan "the greatest central banker who ever lived..." The quote came at a symposium hosted by the Federal Reserve Bank of Kansas City. (Oh, and at the end of the symposium, a bunch of central bankers and economists gave Greenspan a standing ovation, according to the print edition of The Wall Street Journal.)
New York Times op-ed columnist Paul Krugman, though, begs to differ. According to Krugman, "Greenspan's words of wisdom come too late. He's like a man who suggests leaving the barn door ajar, and then - after the horse is gone - delivers a lecture on the importance of keeping your animals properly locked up."
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