Greenspan: We Don’t Have a Plan B

Say what you will about former Fed Chairman Greenspan (yes he made lots of mistakes), but he strikes us as a much deeper thinker than the current gentleman who chairs the Federal Reserve. Mr. Greenspan tends to acknowledge the flaws of interventionist fiscal and monetary policy and at least in these videos he focuses on bigger picture structural issues. In contrast, Mr. Bernanke focuses on manipulating quarterly GDP statistics, at all costs, and misses the forest for the trees. Both videos are well worth a watching.