Quote:
Originally Posted by Lune
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You see, here's the thing. Alan Greenspan wasn't in charge of expanding or shrinking the government. He was in charge of monetary policy. He implemented objectivist/libertarian monetary policy.
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I'm pretty sure libertarian monetary policy would have been to abolish the Fed's interest rate target and instead letting the rate float freely to its market value. He purposefully set the interest rate well below the known market value to goose the economy. I'm not sure how you claim such a move is the implementation of libertarian monetary policy, but I'm intrigued as to how you'll square that, so go for it.