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Entry: Faith-Based Economy Link: http://www.takimag.com/blogs/article/faith_based_economy#20695 Post contents: Libertarianism? Where the libertarianism in all this? If Greenspan was still a true Randian he would have never been Fed chairman, because a true Randian does not believe in an all-controlling, all-powerful central bank and he does. And not only does he believe in a central bank, he believes it should pump-prime the economy with easy money given away like pork chops at a meat raffle. How Keneysian. He might as well be the Fed chairman for Argentina. Housing was no different than the dot-com farce. Greenspan is not a flinty, traditional Republican starch collar banker. His philsophy is anybody who wants money should get it until the economy overheats and then I pull the rug out from everybody and we start all over again with another economic boom of my creation. Greenspan's God is not Ayn Rand, it's Arthur Laffer. High economic growth at all costs, without exception and regardless of debts run up because he knew the U.S. economy, leveraged with its subsidies, its entitlement programs and its overseas committments, could not sustain itself without such high growth to make sure there was sustainable cash flow coming into D.C. Sent at: 2008 08 21