Wednesday, July 21, 2004

More Greenspan

Other interesting things. First, some Congressman whose name I didn't catch said something to the effect that the market should be deciding what the money supply is. Perhaps someone could explain that one to me.

Also, Uncle Alan said that he did not know if increases in expenditures related to terrorism and the wars in Afghanistan and Iraq were, as Bush has asserted, the primary cause of the ballooning deficit. Right.