Tuesday, January 31, 2006

Re: Goodbye Greenspan

Nick, I know you've read The Economist's take on Alan Greenspan's legacy, which certainly demystifies the man who was Planet Earth's economic guru for nearly two decades. I just wanted to post it to give the blog some more background.

Whatever opinions others may hold of him, I don't believe anyone else could have shepherded America's economy into this era of globalization as smoothly as Alan Greenspan. We live in a world now where threats to economic stability can pop up at a moment's notice. Yet at the same time the opening of brave new frontiers of commerce (China and India for example) can offer growth beyond our wildest dreams. Thanks to Greenspan, we've been able to lay the ground work to prepare for the uncertain road ahead.

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