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Tuesday, October 18, 2005

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Arthur Eckart

I think Mr Wolf's concerns are misplaced. The U.S. Congress wouldn't allow an incompetent Fed Chairman, just like the American people, in their vast wisdom, wouldn't elect an incompetent President. Also, I wouldn't attribute Greenspan's success only to luck. I'm sure any good luck was the result of skill. Moreover, the Fed is not in the business of controlling asset bubbles, unless they affect the economy. The Fed's goal is to maintain steady growth (i.e. smooth-out the business cycle, because sustainable growth is optimal growth) through the general price level.

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Judge  Dred

Mr Eckat says <>. This is hilarious! Ha! ha! ha!, the guy is incredible....First: most Congress-people are totaly incompetent in economics and finance, their questions are SO funny. As for electing an incompetent President...

Judge  Dred

Mr Eckat says <>. This is hilarious! Ha! ha! ha!, the guy is incredible....First: most Congress-people are totaly incompetent in economics and finance, their questions are SO funny. As for electing an incompetent President...

Judge  Dred

Mr Eckat says <>. This is hilarious! Ha! ha! ha!, the guy is incredible....First: most Congress-people are totaly incompetent in economics and finance, their questions are SO funny. As for electing an incompetent President...

Arthur Eckart

There's abundance evidence that those who underestimated American Presidents and Congresses, or the U.S. in general, were very sorry they did. I doubt the U.S. became a superpower based on only luck.

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