The Greenspan Chronicles, Part 1-----Why Capitalist Prosperity Is Dying

Among the many myths promulgated about the Maestro is that he vanquished inflation and set-up the US economy for a sustained period of stable prosperity. But even the sawed-off inflation measuring stick used by the BLS puts the lie to that fiction.

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David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.

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