Summary
Granted, the Consumer Price Index (CPI) rose "only" an average 3.1 percent a year during his tenure as Fed chairman (1987-2006), but I'd hardly call it anti-inflationary. [...] the CPI is a notorious price index aggregate that largely ignores price bubbles in areas such as real estate and the stock market.
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Capital Letters
Is Greenspan Really Innocent of Causing the Housing Boom?
David Henderson and Jeff Hummel have written a remarkably pro-Greenspan article, "Was Money Really Easy Under Greenspan?" (www.tinyurl.com/cuf3ug). The authors overlooked several points that would undermine their portrayal of Fed chairman Alan Greenspan as an anti-inflationist and the best Fed chai...See the full content of this document
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