Anything that Greenspan says carries a lot of weight. He's become almost a cult figure. |
But when you make all these adjustments, you are still left with what appear to be cultural differences. |
It has been by far the most significant institutional change within the profession. |
It was a reversal of irrational exuberance, |
One of the five leading economists in America. |
The debate among economists centers on two key questions. Is there truly a lasting improvement in productivity growth? And, if so, what is the cause of it? We haven't even answered the first question yet. |
The economy for next year looks like it is in very good condition. It looks much stronger than any other economy in the world, and he will try to find a way to take credit for it. |
Young people favor cuts in benefits. Older people want increases in taxes. It's inherently divisive. |