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Scoop.it!
Former Chairman of the Federal Reserve Alan Greenspan calls the beginning of the Great Recession, "The worst financial crisis in history." 
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Scoop.it!
Former Fed Chairman Alan Greenspan told Bloomberg's Trish Regan he thinks Bitcoin is a bubble right now.
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"In order for currencies to be 'exchangeable' they have to be backed by something," is the remarkably ironic initial comment from none other than debaser-of-the-entirely-fiat-dollar Alan Greenspan when asked about the "bubble in bitcoin," by Bloomberg TV's Trish Regan. Unable to "identify the intrinsic" backing of Bitcoin (or see bubbles in equity, credit, real estate, or greater fools) Greenspan is, apparently, capable of identifying Bitcoin "as a bubble," because "there is no fundamental means of "repaying' it by any means that is universally accepted." The farcical double-speak continues as the Maestro does a great job of making Bitcoin (which Ron Paul earlier noted could be the "destroyer of the dollar") look even better than the readily-printed fiat we meddle with every day.
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Former Federal Reserve Chairman Alan Greenspan comments on Bitcoin.
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The former Federal Reserve chairman discusses the impact of fear, the debate over debt, and how to deal with criticism (Alan Greenspan tells Charlie Rose how he dealt with the criticism after the financial crisis |
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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