The greatest inflationist since John Law, who caused the greatest speculative boom in world history (1997-2007) is claiming the current mortgage fiasco did not result from his ridiculously permissive monetary policies. You see, it was all an “accident waiting to happen.”
The cat’s out of the bag Mr. Greenspan, people no longer believe in the myth that inflation occurs by mere happenstance.
For an on the record debunking of Greenspan’s credit bubble, see Ron Paul’s exchanges with the central planner here.
3:32 pm on December 12, 2007
